With a Lump-Sum Payment, the Insurance Company Pays the Face

question 77

True/False

With a lump-sum payment, the insurance company pays the face amount of the policy in one installment to the beneficiary or to the estate of the insured.

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Definitions:

Dissociative Amnesia

A mental health condition characterized by gaps in memory of personal information, often due to trauma.

Dissociative Fugue

A form of dissociative amnesia in which a person travels to a new location and may assume a new identity, simultaneously forgetting his or her past.

Biological Reason

A rationale or explanation based on biological factors that underlie behaviors, traits, or conditions.

Body Systems

Groups of biological organs and structures that work together to perform a specific function essential for an organism's survival, such as the circulatory or digestive systems.