Question
Ted takes a life insurance policy for a period of 20 years. The policy pays a death benefit of $250,000 to his spouse if Ted
Ted takes a life insurance policy for a period of 20 years. The policy pays a death benefit of $250,000 to his spouse if Ted dies within those 20 years. Ted is said to have taken a _____ life insurance.
term
whole
health
straight
permanent
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Business Law Text and Cases
Authors: Kenneth W. Clarkson, Roger Miller, Frank B. Cross
14th edition
978-1305967250, 1305967259, 978-1337514422, 133751442X, 978-1337374491
