Characteristics of the insurance business

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Reference no: EM131877516

(1) What characteristics of the insurance business make reserves necessary?

(2) Identify and briefly describe the four basic sections of insurance contracts.  

(3) Identify the sources other than life insurance that might provide resources to meet needs in case of premature death

(4) What benefits does a worker who is only currently insured have? How do those benefits compare with a fully insured worker?

Reference no: EM131877516

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