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Long duration contracts are insurance contracts that last at least 13 months and lock in coverage and premiums for the entire term. When you buy insurance, you might assume the …
What Are Long Duration Contracts? – Simple and Easy Explanation Read More
Loan-backed securities are investments that pay you money based on the interest and principal collected from a pool of loans. If you’ve ever heard about mortgage-backed investments or pass-through certificates …
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Lloyd’s of London is a unique insurance marketplace where groups of investors come together to insure unusual, complex, or high-risk events. When people hear the name Lloyd’s of London, they …
What Is Lloyd’s of London? – Simple and Easy Explanation Read More
A living benefits rider lets you access part of your life insurance while you’re still alive if you become terminally ill and need long-term care. Life insurance is usually thought …
What Is a Living Benefits Rider? – Simple and Easy Explanation Read More
Liquor liability insurance helps protect businesses if someone is injured or property is damaged because of an intoxicated person they served alcohol to. Serving or selling alcohol comes with extra …
What Is Liquor Liability? – Simple and Easy Explanation Read More
A line of business is how insurance companies group and classify the types of coverage they sell. If you’ve ever looked at insurance documents or company reports, you may have …
What Is a Line of Business? – Simple and Easy Explanation Read More
Insurance limits are the maximum amount of money an insurance policy will pay for a covered claim. When people buy insurance, they often focus on the monthly premium and forget …
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Limited policies are health insurance plans that cover only a specific illness, such as cancer, rather than broad medical care. Health insurance doesn’t always mean full coverage for every medical …
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Limited payment life insurance is a type of whole life insurance where you pay premiums for a set number of years, not your entire life. Life insurance is often thought …
What Is Limited Payment Life Insurance? – Simple and Easy Explanation Read More
A limited benefit policy offers coverage for specific services like vision, prescriptions, or short-term care, rather than full medical insurance. Health insurance can feel confusing, especially when not every policy …
What Is a Limited Benefit Policy? – Simple and Easy Explanation Read More