A Life Insurance Policy Is Not Binding Until the Insured

question 35

True/False

A life insurance policy is not binding until the insured dies.

---

Definitions:

Machine

An equipment or apparatus designed to perform a specific task, often powered by electricity or mechanical energy.

Land Improvement

Enhancements made to a piece of land to increase its value, such as landscaping, paving, and installing utilities.

Shrubbery

Plants, bushes, and small trees used for landscaping and decoration.

Fences

Physical barriers constructed to enclose or mark the boundary of a property or area.