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A contract which one party undertakes to indemnify another against loss is called - Insurance. A father owns a life insurance policy on his 15-year-old daughter. The policy contains the optional Payor Benefit rider. If the father becomes disabled, what will happen to the life insurance premiums? - The insured's premiums will be waived until she is 21. A married couple owns a permanent policy which covers both of their lives and pays the death benefit only upon the death of the first insure...

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