What is considered the primary reason for buying life insurance?

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What is considered the primary reason for buying life insurance?

a) Provide death benefits
b) Provide money for retirement
c) Provide living benefits
d) Provide money for college

Answer: a) Provide death benefits

WA Life Insurance

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An insured's building has an actual cash value of $200,000, and he has insured the property for $120,000 with an 80% coinsurance clause. A $40,000 loss occurs. How much will the policy pay?

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The voluntary relinquishment of a legal right is called
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