One life insurance expert suggests that people should never buy participating life insurance, because the purpose of life insurance is to reduce risk, not to increase it. Discuss.
Answer to relevant QuestionsRenewability and guaranteed insurability are not the same. Explain the difference. What does it mean to die intestate? How might your estate be divided if you died intestate? What are the pros and cons of life insurance comparison indexes? Why is it important that benefits be vested? Does the nonemployee spouse have any rights to a pension plan participant’s defined benefits?
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