The ________ Allows for the Distribution of Money and Property

question 68

Multiple Choice

The ________ allows for the distribution of money and property in a will.

• A)attestation and witness clause
• B)payment of debt and taxes clause
• C)common disaster clause
• D)disposition of property clause
• E)introductory statement

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Definitions:

Straight Life

In the context of life insurance, a straight life policy offers a guaranteed death benefit and lifetime coverage with fixed premium payments.

Universal Life

A type of flexible permanent life insurance that offers the low-cost protection of term life insurance as well as a savings element, which is invested to provide a cash value buildup.

Protection

Measures taken to safeguard something or someone against harm or damage.

Life Insurance

A contract between an insurer and a policyholder in which the insurer pays a designated beneficiary a sum of money upon the death of the insured person.