Under an Antilapse Clause, an Insurance Policy Will Not Lapse

question 59

True/False

Under an antilapse clause, an insurance policy will not lapse under any circumstances.

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Definitions:

Economy

The system of production, distribution, and consumption of goods and services in a particular geographic area.

Unemployment

The condition of being without a job, while actively searching for employment.

Production Possibilities Frontier

A curve depicting all maximum output possibilities for two or more goods given a set of inputs.

Resources

The total means available for economic and political development, such as minerals, labor force, and finances.