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In a classic study conducted in the 1960s,Burns and Stalker __________.
Cancel Policy
A cancel policy refers to the terms under which an agreement, insurance policy, or service contract can be terminated before its natural expiration date.
Advance Written-notice
A notification given in writing ahead of time, often a requirement in legal and contractual situations.
Incontestability Clause
A provision in a life insurance policy that prevents the insurer from disputing the policy's validity after it has been in force for a certain period, typically two years.
Life Insurance Policy
A contract with an insurance company that provides a lump-sum payment, known as a death benefit, to beneficiaries upon the insured's death.
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