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Medical Insurance
Health insurance is a type of insurance
whereby the insurer pays the medical costs of the insured if
the insured becomes sick due to covered causes, or due to
accidents....
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Auto Insurance
Vehicle insurance (or auto insurance, car
insurance, motor insurance) is insurance people can purchase for
cars, trucks, and other vehicles. Its primary use is to provide
protection against losses incurred as a result....
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Mortgage Insurance
Mortgage Life Insurance refers to an insurance
policy that guarantees repayment of a mortgage loan in the event
of death or, possibly, disability of the mortgagor...
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| Income Protection Insurance |
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| Income, generally defined, is the money that
is received as a result of the normal business activities of an
individual or a business. Internationally, the accounting term
income is synonymous to term revenue. The International
Accounting Standards Board uses this definition: The
distribution of income within a society can be measured by the
Lorenz curve and the Gini coefficient. This may reveal the
existence of politically unacceptable inequality of income.
There may be strong political pressure to adopt policies of
income redistribution by taxing the richer people at a higher
rate than the middle class and giving subsidies or
income-support to the very poor in a variety of ways. Political
economy tends to be highly controversial because people have
conflicting opinion regarding income redistribution. |
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