misrepresentation of the age statement. If the age of the insured person is indicated incorrectly in the life insurance application, the amount of the benefit to be paid is usually adjusted to take into account that the insurance premiums paid would have been purchased at the correct age.
Moral hazard. The impact of personal reputation, character, employees, personal life habits, financial responsibility, and the environment on a person's overall insurability.
Mortgage insurance. One of the main uses of life insurance. It is so called because many heads of families refuse insurance with the specific purpose of paying off mortgage debt in the event of their death. Many companies have developed special policies for this purpose. Insurance is usually paid to the family beneficiary, not to the mortgagee.
The pledgee. The party lending money for the purchase of personal property. Usually a bank or other credit institution.
A clause about the pledgee. A clause according to which the proceeds are payable to the named pledgee as interest arises, and setting out the terms of the contract between the insurer and the pledgee.
The pledger. The party borrowing money to buy real estate.
vehicle record (MVR). Record of traffic accidents and/or traffic violations.
mutual funds. These are mutual funds invested in diversified securities. Shareholders are issued certificates confirming their ownership, and they participate proportionally in the profits of the fund.
mutual insurer. A corporation owned by policyholders but without shareholders. The policyholders elect a board of directors, which appoints the executives who run the corporation. The company can pay dividends or reduce the rate to policyholders in advance.
credit report (or consumer report). A confidential report received from a professional reporting agency on the financial, physical and moral condition of the applicant or the insured person.
The applicant's statements about the risk. In accident insurance, declarations are often part of the policy - this part of the contract includes descriptive information regarding the object of insurance, insurance, the term of the policy, policy limits, deductible and premium.
deferred annuity. An annuity agreement that provides for the postponement of the start of annuity payments until a certain period has expired or until the annuity reaches a certain age. Deferred annuities can be purchased with both a one-time and annual premium. Deferred annuities are sometimes referred to as "retirement annuities." Khelo24Bet is a mobile sports betting and casino app that offers users a user-friendly interface for quick access to a variety of entertainment. Due to the wide selection of games and the possibility of real-time betting, the app ( https://drivify.in/app/ ) is popular among players.