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Children at the concrete operational stage have the characteristic of
Life Insurance Policy
A contract with an insurance company that, in exchange for premium payments, provides a lump-sum payment to beneficiaries upon the insured's death.
Material Misrepresentations
Deliberate falsehoods or omissions in a transaction or contract that significantly alter the truth or the facts upon which decisions are based.
Coverage
The extent to which insurance policies or plans provide protection against risks or financial losses.
Policy
A deliberate system of principles to guide decisions and achieve rational outcomes, often adopted by an organization or government.
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