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What must a full consideration of objectives incorporate?
Expected Income
The amount of money one anticipates earning over a specific period, considering various factors like salary, investments, and other income sources.
Probability
An indicator of the probability that a particular event will happen, denoted as a value ranging from 0 to 1.
Certain Income
refers to money or revenue that is guaranteed or highly likely to be received, with minimal risk of variation or loss.
Fair Insurance Policy
Describes an insurance contract that provide coverage at reasonable, transparent, and equitable terms for both parties.
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