Examlex
In general, which of the following competitive structures is an organization least likely to operate?
Term Insurance
Insurance that is issued for a particular period, usually five or ten years.
Straight Life
In the context of life insurance, a straight life policy offers a guaranteed death benefit and lifetime coverage with fixed premium payments.
Universal Life
A type of flexible permanent life insurance that offers the low-cost protection of term life insurance as well as a savings element, which is invested to provide a cash value buildup.
Protection
Measures taken to safeguard something or someone against harm or damage.
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