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What Is the Name of the Insurance Policy That Pays

question 154

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What is the name of the insurance policy that pays your beneficiary a specific amount of money if you die while covered by the policy,and this coverage is for a set number of years and must be renewed when it expires?


Definitions:

Formula

A mathematical expression or rule expressed in symbols, representing the relationship between variables.

Summation

The process of adding together a sequence of numbers or other quantities to find their total.

Standard Deviation

A measure of the amount of variation or dispersion in a set of values, indicating how spread out the values are.

Greek Letter

Symbols used in mathematics, science, and engineering to denote variables, constants, and special functions.

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