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Classification Of Policies
Despite the numerous forms of life-insurance policies already on the market, each year sees the various companies announcing to the public new contracts containing some special feature. Ignoring the numerous minor differences that exist, life-insurance contracts may be classified briefly under the following six leading groups. This chapter will merely undertake to define and indicate the nature of the contracts comprising each of these groups; the discussion of the special uses and the relative advantages or disadvantages of the respective policies being referred to the next six chapters. Sections in Chapter 4.
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