noun
1.
A Policy is the contract between the insurer and the insured (the policyholder), detailing the rights and responsibilities of both parties. The Policy outlines pertinent information about covered Risks, Premiums, Deductibles involved, as well as other relevant details.
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If you’re considering life insurance but have a pre-existing condition, you may want to check out the facts before automatically assuming you'll only receive low-quality or expensive coverage.
Knowing when to buy an annuity can make a big difference. Learn how timing can influence your decision about if and when to buy.