Insurance WAEC

The peril insured against by Musa is?
Musa lent Obinna the sum of N2,000,000 in February 2015 which he promised to pay back at the end of the year.  Musa decided to effect a life policy on Obinna for a sum of N20,000

A. the loan
B. death
C. bad debt
D. disability

Correct Answer: Option B

B. death

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5 years ago

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