Q. What is a characteristic feature of Term insurance contracts?

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Q. Which type of insurance contract provides cover throughout the policyholder's life?

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Q. What option is typically available to policyholders in whole life insurance contracts?

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Q. What is the primary purpose of whole life insurance contracts?

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Q. What is the main limitation of Term and whole life insurance contracts?

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Q. Are policy loans typically available in Whole life insurance contracts?

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Q. What happens if there are any unpaid loans upon the insured's death in a Whole life insurance contract?

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Q. What is the primary purpose of Whole life insurance contracts?

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Q. What modification can be made to Whole life insurance contracts to meet the insurance needs of the policyholder?

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Q. What type of insurance contract is an Endowment insurance?

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Q. What is one common use of Endowment insurances?

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Q. How are Endowment insurances useful for saving money for retirement?

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Q. In what scenario might an Endowment insurance be used for repaying a loan?

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Q. What is a characteristic of Pure endowments?

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Q. What distinguishes Money back insurance from other types of endowment policies?

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Q. What is the primary purpose of Pure endowment contracts?

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Q. What is the key feature of Double endowment insurance?

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Q. What type of insurance provides a death benefit equal to twice the survival benefit during the contract period?

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Q. What are With-profit contracts?

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Q. What is the key feature of Convertible term assurance?

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