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Some useful information about insurances, policies and programs:

Un earned premium reserve: when group life insurance is issued on the one-year term basis the reserve liability which the insurance company must stability each december31 of the annual statement is equal to the portion of the last premium paid which is not yet used up. This is known as unearned premium reserve.

Limited Medical Benefit Plans pay for routine care and do not pay for catastrophic care. As such, they do not provide equivalent financial security to a major medical plan. Annual benefit limits can be as low as $2,000. Lifetime maximums can be very low as well.



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