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Straight-life Policy
A type of life insurance policy that provides coverage for the policyholder's entire lifetime, with fixed premiums and no expiration.
Maximum Loan
The highest amount of money that a lender agrees to lend to a borrower under specific terms.
Annual Premiums
Regular payments made yearly to an insurance company for coverage.
Endowment Policy
A life insurance contract designed to pay a lump sum after a specific term (on its 'maturity') or on death.
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