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Choose the correct statement regarding Term Life Insurance: it offers a guaranteed final payment when the insured dies A term contract is a simple, cost-effective

Choose the correct statement regarding Term Life Insurance:

it offers a guaranteed final payment when the insured dies

A term contract is a simple, cost-effective long-term product that offers basic life insurance with little to zero tax charges.

all of the above alternatives are correct

a term contract is not an asset, just an expense

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