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Life Insurance is designed to help reduce the financial consequences of premature death. In this context, when is death considered to be premature? Briefly describe

  1. Life Insurance is designed to help reduce the financial consequences of premature death. In this context, when is death considered to be premature?

  2. Briefly describe the possible costs of premature death.

  3. Identify the six types of family structures.

  4. For each of the family structures identified in your answer in question #3, explain the need for life insurance for each.

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