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    Question

    ________ is the amount of money an insurance policy

    guarantees to pay before any bonuses are added.
    A Fund Correct Answer Incorrect Answer
    B Annuity Correct Answer Incorrect Answer
    C Sum Assured Correct Answer Incorrect Answer
    D Maturity Value Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Sum assured is the amount of money an insurance policy guarantees to pay before any bonuses are added.

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