a. Briefly explain the basic characteristics of ordinary life policies. b. Why does an ordinary life insurance
Question:
b. Why does an ordinary life insurance policy develop a legal reserve?
c. Explain the situations that justify the purchase of ordinary life insurance.
d. What is the major limitation of ordinary life insurance?
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a Ordinary life insurance provides lifetime protection The premiums are level and payable for life T...View the full answer
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Related Book For 
Principles of Risk Management and Insurance
ISBN: 978-0132992916
12th edition
Authors: George E. Rejda, Michael McNamara
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