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Insurance

Agent

Insurance is a financial product that is sold through two types of agents: independent agents and exclusive agents. Independent agents work for themselves and represent multiple insurance companies. They are paid based on commission. On the other hand, exclusive agents only represent one insurance company and are either salaried or work on commission. These types of agents are also known as captive agents. Insurance companies that use exclusive agents are referred to as direct writers.

Business pursuit

A fundamental concept in finance is that of an ongoing endeavor to generate income. This can take many forms, such as employment, entrepreneurship, or investments. Regardles...

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Underwriting income

An important concept in the world of finance is the insurer's profit, which refers to the amount earned after all expenses and losses have been covered through the sale of i...

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Physical hazard

When we talk about material characteristics, we're referring to the properties of an object that can affect its behavior or impact its surroundings. For example, a wet or ic...

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Critical Illness Rider

Life insurance policies offer a critical illness rider as a safeguard against unexpected financial burdens caused by a terminal illness. This rider provides the insured with...

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