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Which statement is true about term life insurance?

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Which statement is true about term life insurance? The difference between whole  life insurance  and term  life insurance  is that the former covers the holder for the duration of their life, not just a fixed term. There is also the perception that there is more value in this because the insurance company returns some of your premiums which it invests, which in theory means the sum grows. Usually the death benefit premium is not affected by this type of policy.  Which statement is true about term life insurance? There are a few variations on this type of policy. For instance, there is a single-premium, which allows wealthier people to put a lump sum into their policies and leave it there. The standard policy usually has month premiums and often provides the policy-holder with a minimum guaranteed return. Some suggest that one of the benefits these policies provide over other types is that some of the premiums go toward the cash value of the policy. It also normally remains constant thr
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Product Liability Insurance for Candles

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Product Liability Insurance for Candles When it comes to the world around us, products are commonly used--and misused. Businesses are liable for damage, death and injury if their products are improperly used, marketed or built. Thus, product liability insurance for candles is there to help a company fight claims from consumers that are injured, or victims of a product's poor construction, design or misleading packaging. While product liability insurance is not required in many countries, some nations around the world have begun to require some form of liability for companies whose products cause harm and destruction. Most notably, the automobile industry is held liable when their cars, trucks and other vehicles are prone to accidents and other dangers. It is important for auto manufacturers to have product liability insurance to guarantee that they will continue to make vehicles. Claims are often filed against makers of sports utility vehicles. Due to faulty design, popularity and
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Architect Professional Liability Insurance

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Architect Professional Liability Insurance P rofessional liability insurance is the most important type of plan any successful business can invest in. Without a solid professional liability insurance plan, most businesses would fold under the pressure of any claims leveled against them. Most companies plan to be in the industry indefinitely, but one tiny setback in the form of a claim can dash any dreams of success and prosperity. Often called errors and omissions insurance, professional liability insurance covers a business against the more severe forms of negligence. This includes a wide range of negligent behavior on the part of employees, system-related machinery or the products themselves. If, for example, you lose client data due to a software or system glitch, clients will often need to be informed, and will most likely take their business elsewhere. This is especially true if the information contains personal, credit card or banking data. Any claims filed based on the above sce
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Liability Insurance for Nonprofits

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Liability Insurance for Nonprofits Liability insurance developed from the need to protect one's assets. Decades ago liability protection was not covered by insurance companies. If an individual, nonprofits or business needed to pay compensation for an error, they needed to dig into their own pockets to do so, often to the detriment of all involved. Modern day liability insurance keeps families and businesses afloat amid everyday risks. Risk is often a necessary factor in day-to-day life. It is naïve to believe that anyone could avoid taking on risk in order to complete their day. For example, you may need to drive to the grocery store to buy food. There's a risk that you may get in an accident, but that risk usually won't interfere with dinner--you'll drive to the market anyway. Liability Insurance in a Nut Shell In the event of an accident, there are several steps anybody can take to protect themselves from a third party claim. Third party claims occur when a person fe
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Export Credit Insurance Advantages and Disadvantages

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Export Credit Insurance Advantages and Disadvantages Advantages and Disadvantages of Export Credit Insurance As was mentioned earlier these insurances refer to the possibility of the purchaser of goods or services not paying for them as he should. The business is divided between home and export with the export side being handled by the ECGD.As we know that this article is based on Export Credit Insurance so we should know following things: Pecuniary loss insurance When premises are damaged by fire the payment of insurance monies will greatly relieve the hardship associated with repairs and rebuilding. What has not been mentioned so far are the losses that are the consequence of fire damage: the consequential losses. Loss of rent When a building has been damaged, even though damaged enough so that it cannot be used until repairs are carried out, the person occupying the building may still be obliged contractually to pay rent to the owner. In a similar case the owner may lose rent where
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Does Renters Insurance Cover Mold?

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Does Renters Insurance Cover Mold Damage? Having to replace all of your personal belongings because of something like a fire, mold or theft, would put a huge dent in your savings. Not to mention the fact that having to deal with such a tragic event would cause more stress than any one person should have to deal with. So when something unforeseen and tragic happens we immediately start asking questions like: Where will I find the money to replace these things? Do I have enough in my savings to cover these costs? Will I have to dip into my retirement savings? Will I have to borrow from family or friends? Will replacing these items max out my credit cards? Will I be able to replace everything I had or will I have to do without? Homeowners are usually protected against such a disaster through their homeowner’s insurance policy. However, more Americans find themselves renting these days and it is estimated that over one half of all people who rent don’t carry any form of renter’s insurance
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Canine Pet Insurance that Covers Neutering

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Canine Pet Insurance that Covers Neutering Each year, millions of pets fall ill to a variety of ailments. Some are mild, and can be treated quickly. This is the case with skin irritations and small cysts. Others conditions are severe, and may require emergency treatment. This can occur with intestinal obstructions, liver disease, and advanced gum disease. Similar to medical bills for people, canine veterinary bills can range from affordable to costly, depending on the procedures. In order to ease the burden of having to pay for expensive procedures for their canines, many owners have begun to purchase pet  health insurance  plans. Before deciding whether to buy such a plan for your dog, it’s important to be familiar with the available options. There are four basic categories: traditional, customizable, accident-only, and discount. This article will describe each in more detail. Overview Of Pet  Health Insurance  Options Traditional plans give you the flexibility to choose the type of c
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