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Exam (elaborations)

EXAMFX Life Insurance UPDATED Exam Questions and CORRECT Answers

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EXAMFX Life Insurance UPDATED Exam Questions and CORRECT Answers Life Insurance - Ans an insured pays a premium to an insurance company, and in return, the insurance company assumes the risk of that person dying prematurely Life Insurance Value - Ans -it can be a valuable part of an individual's estate, providing immediate cash to pay debts and providing financial security to the insured's survivors -like land or buildings, the cash value of a life insurance policy can be used as collateral to secure a loan -life insurance may be paid for in manageable installments called premiums

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June 11, 2024
Number of pages
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Written in
2023/2024
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Questions & answers

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