One Important Feature of a Whole Life Policy Is the Nonforfeiture

question 77

True/False

One important feature of a whole life policy is the nonforfeiture clause,which prevents the forfeiture of accrued benefits if you choose to drop the policy.

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Definitions:

DNA

Deoxyribonucleic acid, a molecule that contains the genetic instructions an organism needs to develop, live, and reproduce.

Social Category

A classification of individuals based on shared characteristics or attributes, often used in sociological and psychological analysis.

Bureaucratic Inertia

The tendency of bureaucratic organizations to resist change and maintain the status quo due to their complex structures and rules.

Bureaucracies

are complex organizational structures designed to manage and administer the policies, rules, and regulations of larger institutions or governments through a hierarchical system of authority.