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A Plan That Insures a Large Number of Persons Under

question 100

Multiple Choice

A plan that insures a large number of persons under the terms of a single policy without a medical examination is called a(n) ____________ life insurance policy plan.


Definitions:

Prices

The amount of money required to purchase a good or service, reflecting its value in a monetary term.

Inflation Rate

The rate at which the overall cost of goods and services rises over a given time frame.

Base Year

A reference year against which economic growth, inflation, or other economic indicators are measured.

Quantities

The amount or number of a material or item measured or produced.

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