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Which of the following statements is not true?
Insurance Benefit
A payment or service provided by an insurance company to the policyholder or a designated recipient under the terms of an insurance policy.
Lump Payment
Lump Payment is a single payment made at a particular time, in contrast to multiple payments made over time.
Compounded Monthly
Monthly calculation of interest that factors in the original principal and also the accumulated interest from the past periods.
Month-End Payments
Regular payments made at the end of each month, often related to financial transactions such as loan repayments or rent.
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