Question 3023 of 287 · Texas Life, Accident and Health Agent Exam
A life insurance contract is aleatory, which means
Exactly one answer is correct.
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Correct answer to question 3023
- C: the amounts exchanged may be unequal, with the outcome depending on chance events
Explanation
A small premium may produce a large death benefit, or no benefit at all if the insured outlives the term. This is a key feature of insurance contracts.
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