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Question: 1. Describe and explain the differences among the three basic types of life insurance policies.

2. Which life insurance policies are more expensive than others? Why?

3. Gerber applied for a life insurance policy, and the insurance company agent gave him a binder. On the way home from the agent's office, Gerber was killed in an automobile accident. Was Gerber insured because the binder had been issued?

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Category:- Management Theories
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