Examlex
Basic growth tendencies are genetically wired into humans.This is referred to as
Premium
An amount paid for an insurance policy or in broader terms, can represent a fee or price paid for higher quality or superior service.
Universal Life Insurance
A form of straight life insurance that allows the policy owner flexibility in choosing and changing terms of the policy.
Policy Owner
The individual or entity that holds and controls an insurance policy and has the right to exercise all privileges under the contract.
Face Value
The nominal or stated value of a financial instrument or document, such as a bond or stamp, not necessarily its market value.
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