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The term life insurance pays a defined amount of money to the beneficiaries if the insured person dies within the stipulated term of the policy. It is the basic definition of the term life insurance. The insured person pays the premium amount all through the term of the policy so as to maintain an effective …

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Performance and payment bonds are an essential part of some contractual agreements, especially for large projects. They protect the stakeholders of the project in the event of failure to complete for various reasons. The obligee of the performance bond is the project owner and the obligee of the payment bond is the collective of labourers, …

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