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While viewing a picture of a three-week-old embryo, Dr. Pecoraro points to something and says, "This structure will soon become a tube from which the brain and spinal cord will develop." Dr. Pecoraro is pointing at
Insurance Companies
Businesses that provide coverage, in the form of compensation resulting from loss, damages, injury, treatment or hardship in exchange for premium payments.
Lifetime Annuity
An insurance product that provides the holder with guaranteed income for the rest of their life.
Adverse Selection
A situation in finance and insurance where parties with higher risk are more likely to engage in agreements, potentially leading to imbalances in the market.
Actuarial Error
Mistakes in the calculations or assumptions made by actuaries, which can affect insurance premiums, pension plans, and other financial assessments.
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