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MICHIGAN- LIFE INSURANCE BASICS EXAM LATEST QUESTIONS AND ANSWERS WELL VERIFIED GRADED A+
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MICHIGAN- LIFE INSURANCE BASICS EXAM LATEST QUESTIONS AND ANSWERS WELL VERIFIED GRADED A+ Life Insurance - ANSWER-protects against financial loss associated with an insured's death, and pays a death benefit to beneficiaries upon the death of the insured. The policyowner of the insurance contract pays a premium to the insurer. The insurer issues a policy covering the insured. In the event of the insured's death, the insurer pays the death benefit to the beneficiary. -May be purchased by individuals or businesses. -Estate Creation - ANSWER-A person may create an estate through earnings, savings, and investments, but all of these methods require disciplined action and a significant period of time.
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