Ricky obtains an insurance policy from Security Insurance, Inc. The policy provides that on Ricky's death Security will pay $500,000 to Tori, Ricky's spouse and beneficiary. This is

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The policy provides a death benefit to Ricky's beneficiary, Tori. This is characteristic of life insurance policies. Health insurance provides coverage for medical expenses, key-person insurance provides benefits payable to a business in the event of the death of a key employee, and disability insurance provides income replacement in the event of an injury or illness that prevents the insured from working. None of these accurately describe the policy obtained by Ricky from Security Insurance, Inc.

Ricky Obtains an Insurance Policy from Security Insurance, Inc