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When You Buy Life Insurance, You Are Making a Contract

question 49

True/False

When you buy life insurance, you are making a contract with the company issuing the policy where you agree to pay a premium periodically and the company agrees to pay a death benefit.


Definitions:

Society's Laws

Formal rules and regulations developed and enforced by a society or governing body to regulate behavior and maintain order.

Right Or Wrong

Concepts used to describe actions or decisions based on moral, ethical, legal, or personal standards.

Mental States

Conditions or states of mind that affect an individual's emotional, psychological, and cognitive well-being.

Motivate

The process of providing reasons or incentives for someone to act in a desired manner.

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