Q. What is the primary purpose of Keyman Insurance?

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Q. What does the Married Women's Property Act ensure regarding a life insurance policy taken under it?

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Q. Under which act does Section 6 provide for the security of benefits under a life insurance policy to the wife and children?

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Q. Who is Mortgage Redemption Insurance (MRI) suitable for?

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Q. How does the insurance cover in MRI differ from a standard term insurance policy?

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Q. What is the primary purpose of Mortgage Redemption Insurance (MRI)?

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Q. What is another common term used for "Mortgage Redemption Insurance"?

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Q. Who pays the premium for Keyman Insurance?

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Q. What type of losses can Keyman Insurance provide compensation for?

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Q. Who can be considered a key person in the context of Key-man Insurance?

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Q. What is the primary purpose of Key-man Insurance for businesses?How is Keyman Insurance different from traditional life insurance?

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Q. What is the primary purpose of Key-man Insurance for businesses?

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Q. What is the main benefit of setting up a trust under the Married Women's Property Act for life insurance policies?

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Q. What happens if a policyholder does not appoint a special trustee for a policy under the MWP Act?

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Q. What is the significance of appointing a trustee for a life insurance policy under the MWP Act?

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Q. What happens to the proceeds of a life insurance policy held under the Married Women's Property Act as long as the trust's objectives remain?

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Q. Under Section 6 of the Married Women's Property Act, what is the purpose of creating a trust when a married man takes a life insurance policy?

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