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1. Jill purchased a permanent policy and after 10 years lost her job. She could no longer afford to make payments on her policy. The insurance company allowed her to stop payments but did not cancel or modify her coverage in any way.
What type of policy did Jill purchase? Why did the policy remain in force?
2. What are the characteristics of the environment in which the Taser company operates ?
3. If perfect information is never available, why consider it? Cite several examples of how you can positively affect or alter the downside risk associated with any decision.
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