Examlex
An MNC with an ethnocentric predisposition:
Straight-life Policy
A type of life insurance policy that provides coverage for the insured's entire lifetime, with fixed annual premiums and a guaranteed death benefit.
Loan Value
The amount that an insured may borrow on a policy from the insurance company.
Life Policy
An insurance contract that pays out a sum of money either on the death of the insured person or after a set period.
Deductible
The amount an insured person must pay out-of-pocket before the insurance company will cover the remaining costs of a claim.
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