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    Question

    Life Insurance Contact is a contact

    of:
    A Indemnity Correct Answer Incorrect Answer
    B Guarantee Correct Answer Incorrect Answer
    C Investment Correct Answer Incorrect Answer
    D Contract of adhesion Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    A Life Insurance Contract is primarily associated with the concept of guarantee, indicating that it ensures a specified payout or benefit to the beneficiary upon the occurrence of certain events, such as the policyholder's death.

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