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If Life Insurance Proceeds Are Left with the Company,the Company

question 109

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If life insurance proceeds are left with the company,the company acts as trustee and pays the interest to the beneficiary.


Definitions:

Fear of the Unknown

A psychological phenomenon where individuals feel anxious or fearful about situations or events that are unfamiliar or not understood.

Unfreezing

The initial phase in the change process where individuals or organizations become aware of the need for change.

Driving Forces

Factors or elements that motivate and influence the direction and momentum of change or growth.

Restraining Forces

Factors that resist or oppose the process of organizational change, making it challenging to implement new strategies or processes.

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