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5 Cards in this Set
- Front
- Back
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Is it possible to renew temporary life insurance?
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YES - if there is an automatic renewal clause
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Returns both parties to the state they were in before they entered into the contract
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CANCELLATION
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Non-payment of the premiums lead to
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UNILATERAL TERMINATION
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Allows the policy to be ended without cause with consent of both parties
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BILATERAL TERMINATION
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Decrease in face value is...
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REDUCTION
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