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So voluntary life insurance is the ability for me as the employee to purchase group rated life insurance that I’m paying for and I’m able to do it without having to go through a bunch of medical underwriting hoops. You need to help educate me on how this benefits package is going to impact my family. Ease of administration.
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When transactions are declined due to issues like invalid cards or insufficient funds, the PSP terminates the process and sends notifications to both the merchant and the customer about the failed payment. This approach allows businesses to start accepting payments quickly with minimal paperwork and underwriting requirements.
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