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__________ is sometimes used to simulate feared situations such as flying.
Short Rate
A penalty premium amount charged when an insurance policy is terminated by the policyholder before the end of its term.
Coinsurance Clause
A provision in an insurance policy that defines the split of costs between the insurer and the insured after the deductible is met.
Coinsurance Clause
A provision in insurance policies that requires the policyholder to bear a portion of the costs of a claim, serving to share risk between the insurer and insured.
Life Policy
A contract with an insurance company that pays a designated beneficiary a sum of money upon the death of the insured person.
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