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In the United States, both equally sorts of coverage are termed "insurance policy" for motives of simplicity in firms marketing both of those items.[citation necessary] By some definitions, "coverage" is any protection that determines Gains dependant on genuine losses whereas "assurance" is protection with predetermined Gains irrespective of the losses incurred.
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Joint lifestyle insurance is either term or long-lasting lifetime insurance plan that insures two or more individuals, with proceeds payable to the Dying of possibly. Device-linked coverage plans[edit]
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