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Glossary

Pre-existing Health Conditions

DEFINITION

Pre-existing health conditions are illnesses, injuries, or medical conditions that a person already had before getting health or life insurance cover. Because of these known conditions, insurers may charge higher premiums or refuse coverage, especially when the conditions are long-term or chronic.

ELI5

These are health problems a person already has before buying insurance. Because of them, insurance may cost more or may not be offered at all.

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Fixed Income Fund

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