Examlex
Suppose the state of Illinois has just passed a law that bans its residents from purchasing, owning, or possessing any type of firearm for any reason. A case has been made against the state of Illinois, arguing that the law infringes upon Illinois residents' Second Amendment rights. The Supreme Court has agreed to hear this case and, upon evaluation, has determined that the law is unconstitutional. This is an example of ______.
Long-Term Bonds
Debt securities with maturities typically longer than 10 years, offering regular interest payments and repayment of principal at maturity.
Life Insurance Firms
Companies that provide financial compensation to beneficiaries upon the death of the insured person.
Death Benefit
The sum paid to a policyholder's beneficiaries upon their death, typically in life insurance and annuities.
Variable Life
A type of life insurance policy where the cash value and death benefit vary based on the investment performance of funds chosen by the policyholder.
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