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Health and Life Insurance

Category - Annuities & Policies

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What type of insurance is designed to provide life insurance protection for a limited period of time?

Life Insurance
Flexible insurance
Term Insurance
Variable Insurance

Explanation

Answer: C - Term life insurance is designed to provide life insurance protection for a limited period of time. The period of time of the policy can be from 1 year to 10 years. The face amount of the policy is payable only upon the death of the insured if it occurs during the term of the policy.

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