What does a life insurance policy guarantee to the stated beneficiary upon the death of the insured?

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What does a life insurance policy guarantee to the stated beneficiary upon the death of the insured?

Policy Dividend
Specified amount of money
Policy's cash value
Funeral expense fund

Answer: Specified amount of money

Life Insurance Premiums Proceeds and Beneficiaries

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The two major actions required for a policyholder to comply with the Reinstatement Clause are
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Ambiguities in an insurance policy are always resolved in favor of the
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Agents may be found guilty of defamation if they make a false statement that is intended to?
How many pair of glasses in a 12-month period will a vision expense insurance plan cover?
The voluntary relinquishment of a legal right is called
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All of the following statements are true regarding installments for a fixed amount EXCEPT
Fraternal Benefit Society has each of the following characteristics EXCEPT
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A securities license is required for a life insurance producer to sell
Which of the following statements about accumulated interest earned on dividends from an insurance policy is TRUE?
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All of the following are true regarding a decreasing term policy EXCEPT
Purchasing a life insurance policy in order to avoid the forced sale of assets upon death is called
Health insurance will typically cover which of the following perils?
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