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If bryan wanted to convert his insurance policy on jennifer's life to cash surrender value later, which type of policy did he need to purchase?

Sagot :

Insurance policy Bryan needs to purchase.

In insurance, the insurance policy is a contract (generally a trendy form of agreement) between the insurer and the policyholder, which determines the claims that the insurer is legally required to pay.

In trade for an initial price, called the top class, the insurer guarantees to pay for loss as a result of perils protected below the coverage language.

Insurance contracts are designed to fulfill specific desires and as a consequence have many features now not determined in many different kinds of contracts. For the reason that insurance policies are popular paperwork, they characteristic boilerplate language which is similar throughout a wide variety of various types of insurance policies.\

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