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Which of the following reasons explains why life insurance policies are not cancellable by the...

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Accounting

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Which of the following reasons explains why life insurance policies are not cancellable by the insurer, although property insurance policies are? Property insurance policies are subject to some problems with intentional losses since destroyed property can be converted to cash and spent by the insured O B Life insurance policies represent policies with a long life and heavy early year expenses that must be paid by the insured Society feels that people need to be able to depend on their life insurance being available when they get sick and die O D Moral hazard on life insurance is less because one must die to collect O E All of the above [] Fullscr

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