Pensions and Annuities Are Special Forms of Liability Insurance

question 25

True/False

Pensions and annuities are special forms of liability insurance.

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Definitions:

Poor Law

Legislation aimed at providing aid and support to the impoverished segments of society, notably the English Poor Laws which established a system of poor relief.

Assistance

The act of helping or aiding someone or something, often referring to support provided by individuals, organizations, or governments.

Community

A group of people living in the same place or having a particular characteristic in common, often sharing a sense of identity and belonging.

Puritanism

A movement within the Church of England aiming at purifying the church of Roman Catholic practices, emphasizing predestination, and leading a godly life.