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Section 3.1 Quiz

1
Section 3.1 Review

Identify the three basic categories of coverage upon which the life insurance world revolves.

life insurance is the most common. life insurance provides smaller face values. life insurance affords coverage for specific groups.


Word bank: Group, Industrial, Ordinary

Ordinary life insurance is the most common. Industrial life insurance provides smaller face values. Group life insurance affords coverage for specific groups.

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2

Ordinary insurance in the permanent life insurance category accumulates cash value.

a)
b)
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3

A main reason for purchasing industrial life insurance is to:

a)
b)
c)
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