Loan
Human Life Value
Economic value
Claim
Answer is Wrong!
Answer is Right!
The correct answer is D. Claim.
An insurance contract terminates after a claim is paid. This is because the purpose of an insurance contract is to provide financial protection in the event of a loss. Once the loss has been covered by the insurance company, the contract is no longer needed.
The other options are incorrect. A loan
is a sum of money that is borrowed from a lender and must be repaid with interest. Human life value is the economic value of a person’s life, which is typically calculated based on their income, age, and health. Economic value is the value of something in terms of money.I hope this helps! Let me know if you have any other questions.