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Life Insurance
A contract between an insurer and a policyholder in which the insurer promises to pay a designated beneficiary a sum of money in exchange for a premium, upon the death of the insured person.
Public Interest
Public Interest refers to the welfare or well-being of the general public and society at large.
Assignable
A quality of a contract or right that allows it to be transferred from one party to another.
Third Party Rights
Rights that are granted to individuals or entities who are not a direct party to a contract or legal agreement but are affected by its provisions.
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