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17. Which of the following correctly characterizes what a term life insurance contract does? a. promises a trust fund to a beneficiary if the

17. Which of the following correctly characterizes what a term life insurance contract does? a. promises a trust fund to a beneficiary if the insured dies during a specified period b. offers limited cash value loans O c. promises to pay a death benefit to a beneficiary if the insured dies during a specified period O d. permits a policyowner to take cash withdrawals

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