Discuss (c) nomination

The nature: the life's contingency cover — the benefit contract (the sum assured's payment on the death-or-survival events: the indemnity's absence — the life's unpriceability); the savings-and- protection's blend (the endowment's thrift: the maturity's payment — the living-benefit faces); the long-term contract's character (the decades' duration — the policyholder's persistence questions: the lapse-and-surrender faces of Unit 5). The types (the exam's catalogue): The whole-life policy (the death's payment — whenever it occurs; the protection's purest form; the limited-payment faces); The endowment policy (the fixed-term's survival-or-death payment — the savings' classic; the maturity's institution); The term assurance (the period's death-cover only — the purest protection; the cheapest premium; the no-return character); The money-back-and-anticipated-endowment faces (the periodic-survival payments — the liquidity's design); The annuities (the survival's income — the pension's insurance face: the immediate-and- deferred; the joint-life-and-reversionary faces); The unit-linked-and-investment-linked policies (the market-linked savings — the modern product's faces; the investment-risk disclosure's duty); The group life (the employer's-and-association's collective covers — the master policy's craft); The riders (the accidental-death, the critical-illness, the waiver-of-premium — the supplementary benefits' attachments).