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You and a friend are on a nature walk when you notice both a butterfly and a bird flying in a meadow.Your friend comments how interesting it is that both have wings but are completely distinct species.Which of the following explanations would be the best response?
Endowment Policy
A life insurance contract designed to pay a lump sum after a specific term or on death.
Life Policy
An agreement that awards a specified sum to a named beneficiary when the person covered by the policy dies.
Maximum Available
The highest amount or quantity that can be used, offered, or allocated from a particular resource or within a specific framework.
Straight-life Policy
A type of life insurance policy that provides coverage for the insured's entire lifetime, with fixed annual premiums and a guaranteed death benefit.
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