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Anna [14]
2 years ago
7

4. Malik's father recently died. His dad had an insurance

Business
1 answer:
Salsk061 [2.6K]2 years ago
7 0

The type of insurance money that Malik has received indicates life insurance and the correct option is D.

<h3>What is life insurance?</h3>

Life insurance is an agreement wherein a policyholder will pay everyday premiums in alternate for a lump-sum demise benefit that can be paid to the policyholder's beneficiaries. The lump-sum gain is paid while the policyholder passes away or a selected amount of time has passed.

Hence, The type of insurance money that Malik has received indicates life insurance and the correct option is D.

learn more about life insurance here:

brainly.com/question/1373572

#SPJ1

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<h3>How are the straight-line and double-declining-balance methods related?</h3>

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