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Within any given culture, specific information about gender-role socialization informs us about the appropriate attributes and behaviours of men and women. These are referred to as
Straight Life Insurance
Insurance that requires the payment of premiums throughout the life of the insured and pays the beneficiary the face value of the policy upon the insured’s death.
Face Value
The nominal or original value printed on a security or financial instrument, such as a bond or stock certificate.
Lapse Policy
A situation where an insurance policy becomes inactive because premiums have not been paid.
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