Examlex
Graphically,consumer surplus is the area:
Quarterly Premiums
Payments made every three months for insurance policies or other agreements requiring regular fees.
Annual Premium
The amount of money that must be paid once a year to maintain an insurance policy or similar financial product.
Endowment Policy
An insurance policy that pays a specified sum to the policyholder upon a certain date, or to the beneficiaries upon the policyholder's death.
Straight-life Policy
A type of life insurance policy that provides coverage for the policyholder's entire lifetime, with fixed premiums and no expiration.
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