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The fixed clause means the indemnity cannot fluctuate based on other considerations. The rate is typically set at the time of the policy creation or is put on a set scale of growth over time that has fixed criteria that are not influenced by any other major changes in medical or life history.

A non fixed clause may change over time based on a variety of outside factors or simply on the whim of the policy writer as the company changes coverage rates and payout terms.

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∙ 13y ago

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