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The contract of life insurance

So far, we have discussed various insurance products you can apply for in different companies based on your needs. Once you have applied for the appropriate insurance and undergone the necessary underwriting, if applicable, the insurance company decides whether or not to accept the application. Once the application is accepted, …

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Annuities guarantee your livelihood

Last week, we dealt with products that assist you in saving for old age. Once you reach retirement age, you would have seen that the various retirement funds allow you to take a maximum of one-third in cash and to purchase a compulsory annuity with the remaining two-thirds. An annuity …

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