“A contract that pledges payment of an agreed upon amount to the person (or his/her nominee) on the happening of an event covered against” is technically known as

Q. “A contract that pledges payment of an agreed upon amount to the person (or his/her nominee) on the happening of an event covered against” is technically known as

A. Death coverage

B. Life insurance

C. Savings for future

D. Provident fund

Answer: Life insurance