First Sentence:
The first step in the study of life and health insurance is to understand the purpose these instruments serve and the important role they play for individuals and society.
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Key Phrases - Statistically Improbable Phrases (SIPs):
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flat extra premiums, postselection activities, human life value approach, extended term insurance, notice regarding replacement, entire contract provision, succeeding carrier, group life plans, juvenile insurance, medically necessary emergency care, limited risk policy, daily coinsurance amount, joint life policy, disability income policies, nonadmitted insurer, medical expense plans, annuity income option, replacing insurer, net single premium, career agency system, cash refund option, medical expense policy, incontestable clause, disability income rider, stock redemption plan
Key Phrases - Capitalized Phrases (CAPs):
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Social Security, California Insurance Code, Blue Cross, Blue Shield, Fair Credit Reporting Act, United States, Medicare Supplement Plan, Medical Information Bureau, California Partnership, National Association of Insurance Commissioners, California Department of Insurance, Consumer Price Index, Supreme Court, Uniform Simultaneous Death Act, Internal Revenue Code, Armstrong Investigation, First Community Church, Medicare Total, Tax Code
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