Examlex
Self-leaders are also called "superleaders."
Utility from Insurance
The satisfaction or utility gained by individuals from reducing uncertainty and risk in their lives through the purchase of insurance contracts.
Income Increase
Income increase refers to the rise in an individual's or household's earnings, affecting their purchasing power and consumption habits.
Fair Insurance Policy
An insurance policy for which the premium is equal to the expected value of the claim.
Risk-Averse
The characteristic of preferring to avoid risk, opting for lower but more certain returns over potential higher but uncertain returns.
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