Question

briefly explain any four features of life insurance policies ​

Answer 1

Answer:

There are four major types of life insurance policies. These life insurance types are Whole Life Insurance, Term Life Insurance, Universal Life Insurance, and Variable Universal Life Insurance.

Explanation:

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Answer 2

Answer:

Life Insurance is defined as a contract between the policy holder and the insurance company, where the life insurance company pays a specific sum to the insured individual's family upon his death. The life insurance sum is paid in exchange for a specific amount of premium. Life is beautiful, but also uncertain.There are four major types of life insurance policies. These life insurance types are Whole Life Insurance, Term Life Insurance, Universal Life Insurance, and Variable Universal Life Insurance.life insurance enables individuals to protect themselves and their families, in case of any unfortunate happening in the life of the insurer. The insurer pays an amount equivalent to the sum assured as specified in the contract along with applicable bonuses. This is know as the death benefit.

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