Question: Ann applied for a $ 1 0 0 , 0 0 0 life insurance policy and received a conditional receipt for her initial premium payment

Ann applied for a $100,000 life insurance policy and received a conditional receipt for her initial premium payment of $1,000. By the time her policy was issued as applied for, two weeks later, Ann had died of a stroke. What, if any, death benefit is payable?

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