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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Q. What is the primary purpose of Critical Illness Assurance?

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Q. What is the purpose of the survival period in Critical Illness Assurance?

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Q. Which of the following is NOT typically covered under Critical Illness Assurance?

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Q. How are alternative forms of Critical Illness Assurance different from traditional policies?

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Q. What is the benefit of Critical Illness Assurance policies paying hospitals directly?

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Q. What is Deferred Whole Life Assurance?

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