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K age 45, and his wife, age 43, have three children. They purchase a Family Policy that covers K's wife to age 65. All of these situations will pay a death benefit EXCEPT:

Question

K age 45, and his wife, age 43, have three children. They purchase a Family Policy that covers K's wife to age 65. All of these situations will pay a death benefit EXCEPT:

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Solution

To address the question, we need to identify the key components and analyze the situation regarding the Family Policy and its coverage.

Step 1: Define the Problem

The problem requires identifying which situation will not pay a death benefit under the Family Policy that covers K's wife until age 65.

Step 2: Break Down the Problem

  1. Coverage Details: The policy covers K's wife until age 65.
  2. Situations to Consider:
    • Death of K's wife before age 65.
    • Death of K's wife after age 65.
    • Death of K.
    • Death of the children.

Step 3: Apply Relevant Concepts

  • Insurance Coverage: Typically, a Family Policy may cover the primary insured and sometimes their spouse and children, but specific terms can vary.
  • Age Limit: The policy explicitly covers K's wife until age 65.

Step 4: Analysis, Verify and Summarize

  • Death of K's wife before age 65: Covered, as she is within the age limit.
  • Death of K's wife after age 65: Not covered, as she is beyond the age limit.
  • Death of K: Coverage depends on the policy terms, but not explicitly mentioned.
  • Death of the children: Coverage depends on the policy terms, but not explicitly mentioned.

Final Answer

The situation that will not pay a death benefit is the death of K's wife after age 65, as the policy only covers her until that age.

This problem has been solved

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