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Professionals: Short-term » Knowledge Base
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From The Glossary » | Premium Loading: |
| | An additional premium over and above the standard life insurance premium for the sum insured to allow for additional inherent risk regarding the life to be insured. Premiums are loaded for hazardous occupations, for physical impairments, for imperfect health and for abnormal risks. See extra premium. | | More Definitions » |
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