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Fixed costs remain constant within a defined range of activity or time period.
Life Policy
A life policy is an insurance agreement that pays out a sum of money either upon the death of the insured person or after a set period.
Premiums Payable
The amount due for payment on an insurance policy.
Deductible
The amount a policyholder must pay out of pocket before an insurance company will cover the remaining costs of a claim.
Medical Bills
The costs charged for services rendered by healthcare professionals or facilities.
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