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SOCIAL SECURITY > LIVE POLICIES > Flashcards

LIVE POLICIES Flashcards

1
Q

A 42-year-old executive wants to purchase life insurance that will allow for increases or decreases to coverage as his/her needs change. Which of the
following policies will best meet this need?
~~~
( )Endowment at Age 75
( )Universal Life
( )Graded Benefit Whole Life
( )Modified Whole Life
~~~
Um executivo de 42 anos deseja comprar um seguro de vida que permita aumentos ou reduções de cobertura conforme suas necessidades mudam. Qual dos
as políticas a seguir atenderão melhor a essa necessidade?

A

Universal Life

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2
Q

What type of policy would offer a 40-year old the quickest accumulation of cash value?
~~~
( )Paid-up at 65
( )20-pay life
( )30-pay life
( )Straight whole life
~~~
Que tipo de apólice ofereceria a uma pessoa de 40 anos o acúmulo mais rápido de valor em dinheiro?

A

20-pay life

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3
Q

A Renewable Term Policy is renewable at the option of the
~~~
( )Owner
( )Company
( )Insured
( )Assignee
~~~
Uma Apólice de Prazo Renovável é renovável por opção do

A

Insured

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4
Q

K is looking to purchase Renewable Term insurance. Which of these types of Term insurance may be renewable?
~~~
( )Increasing
( )Decreasing
( )Adjustable
( )Level
~~~
K está procurando adquirir um seguro de prazo renovável. Quais destes tipos de seguro a prazo podem ser renováveis?

A

Level

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5
Q

What type of life policy covers 2 lives and pays the face amount after the first one dies?
~~~
( )Group Life
( )Joint Life Policy
( )Family Income Policy
( )Last Survivor Policy
~~~
Que tipo de apólice de vida cobre 2 vidas e paga o valor nominal após a morte da primeira?

A

Joint Life Policy

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6
Q

K purchased a $10,000 Life Policy that will pay the face amount to her if she lives to age 65, or to her beneficiary if she dies before age 65. K purchased
which of the following types of policies?
~~~
( )Limited-Pay Life
( )Term to Age 65
( )Whole Life Paid-Up at Age 65
( )Endowment at Age 65
~~~
K comprou uma Apólice de Vida de $ 10.000 que pagará o valor nominal a ela se ela viver até os 65 anos, ou a seu beneficiário se ela morrer antes dos 65 anos. K comprou
qual dos seguintes tipos de políticas?

A

Endowment at Age 65

Dotação aos 65 anos

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7
Q

Which of the following types of policies BEST identifies one in which the cash value may fluctuate to reflect changing assumptions regarding mortality cost,
interest, and expense factors?
~~~
( )Universal Life
( )Endowment Life
( )Modified Whole Life
( )Graded Premium Whole Life
~~~
Qual dos seguintes tipos de apólices identifica MELHOR aquele em que o valor em dinheiro pode flutuar para refletir a mudança de suposições em relação ao custo de mortalidade, juros e fatores de despesas?

A

Universal Life

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8
Q

Which of the following statements is CORRECT about the period in which a Term Policy can be converted?
~~~
( )It is the same in all contracts
( )It is set by state regulation
( )It can be changed by the insured
( )It varies according to the contracts
~~~
Qual das seguintes afirmações está CORRETA sobre o período em que uma Apólice pode ser convertida?

A

It varies according to the contracts

Varia de acordo com os contratos

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9
Q

T has a term policy that allows him to continue the coverage after expiration of the initial policy period. What type of term coverage is this?
~~~
( )Renewable
( )Increasing
( )Level
( )Decreasing
~~~
T possui uma apólice de prazo que lhe permite continuar a cobertura após o vencimento do período inicial da apólice. Que tipo de cobertura é essa?

A

Renewable

Renovavel

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10
Q

A father who dies within 3 years after purchasing a life insurance policy on his infant daughter can have the policy premiums waived under which provision?
~~~
( )Payor provision
( )Accelerated Benefits provision
( )Assignment provision
( )Waiver of Premium provision
~~~
Um pai que morre dentro de 3 anos após adquirir uma apólice de seguro de vida em seu
filha infantil pode ter os prêmios da apólice isentos de qual disposição?

A

Payor provision

Disposição do pagador

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11
Q

What kind of life insurance starts out as temporary coverage but can be later modified to permanent coverage without evidence of insurability?
~~~
( )Endowment policy
( )Limited-Pay Whole life
( )Convertible Term
( )Decreasing Term
~~~
Que tipo de seguro de vida começa como cobertura temporária, mas pode ser mais tarde modificado para cobertura permanente sem evidência de segurabilidade?

A

Convertible Term

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12
Q

F needs life insurance that provides coverage for only a limited amount of time with a death benefit that changes regularly according to a schedule. What kind of policy is needed?
~~~
( )Level term policy
( )Whole life policy
( )Limited-pay policy
( )Decreasing term policy
~~~
F precisa de um seguro de vida que ofereça cobertura apenas por um período limitado de tempo com um benefício por morte que muda regularmente de acordo com um cronograma. Que tipo de política é necessária?

A

Decreasing term policy

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13
Q

Which of these life products is NOT considered interest-sensitive?
~~~
( )Modified Whole Life
( )Variable Universal Life
( )Interest Sensitive Whole Life
( )Variable Life
~~~
Qual desses produtos de vida NÃO é considerado sensível a juros?

A

Modified Whole Life

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14
Q

What kind of premium does a Whole Life policy have?
~~~
( )decreasing
( )adjustable
( )level
( )deferred
~~~
Que tipo de prêmio tem uma apólice Whole Life?

A

level

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15
Q

What kind of life policy either pays the face value upon the death of the insured or when the insured reaches age 100?
~~~
( )Term Life
( )Whole Life
( )Credit Life
( )Universal Life
~~~
Que tipo de apólice de vida paga o valor nominal após a morte do segurado ou quando o segurado atinge a idade de 100 anos?

A

Whole Life

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16
Q

A Limited-Pay Life policy has
~~~
( )graded death benefits
( )no cash value
( )premium payments limited to a specified number of years
( )premium payments that are paid to age 100
~~~
Uma apólice de Vida Paga Limitada tem

A

premium payments limited to a specified number of years

pagamentos de prêmios limitados a um número especificado de anos

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17
Q

Term insurance has which of the following characteristics?
~~~
( )Expires at the end of the policy period
( )Builds cash value
( )Has nonforfeiture options
( )Endows at the end of the policy period
~~~
O seguro de prazo tem quais das seguintes características?

A

Expires at the end of the policy period

Expira no final do período da apólice

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18
Q

G purchased a Family Income policy at age 40. The policy has a 20-year rider period. If G were to die at age 50, how long would G’s family receive an income?
~~~
( )5 years
( )10 years
( )15 years
( )20 years
~~~
G comprou uma apólice de Renda Familiar aos 40 anos. A apólice tem um prazo de 20 anos período. Se G morresse aos 50 anos, por quanto tempo a família de G receberia um
renda?

A

10 Years

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19
Q

A life policy with a death benefit that can fluctuate according to the performance of its underlying investment portfolio is referred to as
~~~
( )Adjustable Life
( )Graded-Premium Life
( )Variable Life
( )Modified Whole Life
~~~
Uma apólice de vida com um benefício de morte que pode flutuar de acordo com o desempenho de sua carteira de investimento subjacente é referido como

A

Variable Life

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20
Q

S is close to retiring and would like to purchase a policy that will yield greater gains than bonds, but will still protect the principal with a minimum level or
risk. Which product would S be advised to purchase?
~~~
( )Equity index insurance
( )Endowment
( )Graded whole life policy
( )Return of premium policy
~~~
S está prestes a se aposentar e gostaria de comprar uma apólice que renderá ganhos maiores do que os títulos, mas ainda protegerá o principal com um nível mínimo ou
risco. Qual produto S seria aconselhado a comprar?

A

Equity index insurance

seguro de índice de ações

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21
Q

Which policy requires an agent to register with the National Association of Securities Dealers (NASD) before selling?
~~~
( )Variable Life
( )Credit Life
( )Universal Life
( )Interest-Sensitive Whole Life
~~~
Qual política exige que um agente se registre na National Association of Securities Dealers (NASD) antes de vender?

A

Variable Life

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22
Q

A potential client, age 40, would like to purchase a Whole Life policy that will accumulate cash value at a faster rate in the early years of the policy. Which
of these statements made by the producer would be correct?
~~~
( )Straight life accumulates faster than Limited-pay Life
( )20-Pay Life accumulates cash value faster than Straight Life
( )Cash value accumulation of both 20-Pay Life and Straight Life depend on the insurer’s financial rating
( )20-Pay Life and Straight Life accumulate cash value at the same rate
~~~
Um cliente em potencial, de 40 anos, gostaria de adquirir uma apólice de vida inteira que acumulará valor em dinheiro em um ritmo mais rápido nos primeiros anos da apólice. Qual dessas afirmações feitas pelo produtor estariam corretas?

A

20-Pay Life accumulates cash value faster than Straight Life

20-Pay Life acumula valor em dinheiro mais rápido que Straight Life

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23
Q

Life insurance that covers an insured’s whole life with level premiums paid over a limited time is called
~~~
( )Adjustable Life
( )Renewable Term
( )Limited Pay Life
( )Joint Life
~~~
O seguro de vida que cobre toda a vida do segurado com prêmios nivelados pagos por um tempo limitado é chamado

A

Limited Pay Life

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24
Q

What type of life policy has a death benefit that adjusts periodically and is written for a specific period of time?
~~~
( )Modified whole life
( )20-year paid up policy
( )Endowment
( )Decreasing term
~~~
Que tipo de apólice de vida tem um benefício por morte que se ajusta periodicamente e é emitido por um período de tempo específico?

A

Decreasing term

25
Q

The Universal Life Policy is called an unbundled Life Policy because the policyholder can see the expense charges, the interest earned, and the
~~~
( )Premium tax
( )Dividend rate
( )Values based on mutual funds or stocks
( )Cost of insurance
~~~
A Apólice de Vida Universal é chamada de Apólice de Vida desagregada porque o segurado pode ver os encargos de despesas, os juros ganhos e o

A

Cost of insurance

Custo do seguro

26
Q

When applied to Whole Life insurance, the word “straight” denotes
~~~
( )The absence of dividends
( )Options to reduce or withhold premium payments
( )The mode premium payments
( )The duration of premium payments
~~~
Quando aplicada ao seguro de vida inteira, a palavra “straight” denota

A

The duration of premium payments

A duração dos pagamentos de prêmio

27
Q

Which of these would be considered a Limited-Pay Life policy?
~~~
( )10-year Renewable and Convertible Term
( )Life Paid-Up at Age 70
( )Straight Whole Life
( )Renewable Term to Age 100
~~~
Qual destas seria considerada uma apólice de Vida Paga Limitada?

A

Life Paid-Up at Age 70

Vida paga aos 70 anos

28
Q

The most important factor to consider when determining whether to convert term insurance at the insured’s attained age or the insured’s original age is
~~~
( )the cost
( )the health of the insured
( )the amount of coverage being converted
( )who will be beneficiary
~~~
O fator mais importante a considerar ao determinar se deve converter seguro de termo na idade atingida do segurado ou a idade original do segurado é

A

The cost

29
Q

When is the face amount of a Whole Life policy paid?
~~~
( )At the policy’s maturity date only
( )When the insured dies or at the policy’s maturity date, whichever happens first
( )Only when the insured dies
( )When the policy is surrendered
~~~
Quando o valor nominal de uma apólice Whole Life é pago?

A

When the insured dies or at the policy’s maturity date, whichever happens first

*Quando o segurado falecer ou na data de vencimento da apólice, o que oc

30
Q

When a policyowner exchanges a term policy for a whole life policy without providing proof of good health, which of these apply?
~~~
( )Extended term option
( )Conversion provision
( )1035 Exchange
( )Incontestable period
~~~
Quando um proprietário de apólice troca uma apólice de prazo por uma apólice de vida inteira sem fornecer prova de boa saúde, qual destes se aplica?

A

Conversion provision

Provisão de conversão

31
Q

Which type of life policy contains a monthly mortality charge as well as selfdirected investment choices?
~~~
( )Joint Life
( )Adjustable Life
( )Variable Universal Life
( )Universal Life
~~~
Que tipo de apólice de vida contém uma taxa de mortalidade mensal, bem como opções de investimento autodirigidas?

A

Variable Universal Life

32
Q

Which of the following characteristics is CORRECT about Interest Sensitive Whole Life?
~~~
( )There is a flexible premium payment
( )There are no guaranteed minimum interest rates
( )Mortality charges do not impact the investment amount
( )Interest rates determine cash values
~~~
Qual das seguintes características está CORRETA sobre interesse sensível Vida inteira?

A

There is a flexible premium payment

Há um pagamento premium flexível

33
Q

Q would like to purchase $100,000 of permanent protection on his wife and $50,000 of Term coverage on himself under the same policy. What kind of policy should Q purchase?
~~~
( )Joint policy
( )Joint survivor policy
( )Whole life policy with other insured rider
( )Whole life policy with a Guaranteed Insurability option
~~~
Q gostaria de comprar $ 100.000 de proteção permanente para sua esposa e $ 50.000 de cobertura do Termo sobre si mesmo sob a mesma apólice. Que tipo de política deve Q comprar?

A

Whole life policy with other insured rider

Apólice de vida inteira com outro passageiro segurado

34
Q

The investment gains from a Universal Life Policy usually go toward
~~~
( )the death benefit
( )the dividends
( )the cash value
( )paying off a policy loan
~~~
Os ganhos de investimento de uma apólice de vida universal geralmente vão para

A

the cash value

o valor em dinheiro

35
Q

Which of the following combination plans is designed to protect an insured from an unpaid mortgage balance upon premature death?
~~~
( )Survivorship Life
( )Family Plan
( )Joint Life
( )Whole Life and Level Term Rider
~~~
Qual dos seguintes planos combinados é projetado para proteger um segurado de um saldo de hipoteca não paga após a morte prematura?

A

Joint Life

36
Q

A Whole Life Insurance Policy endows when the
~~~
( )Premium paid equals the death benefit
( )Death proceeds are paid
( )Cash value equals the death benefit
( )Cash value plus dividends equal the death benefit
~~~
Uma Apólice de Seguro de Vida Inteira confere quando o

A

Cash value equals the death benefit

Valor em dinheiro é igual ao benefício por morte

37
Q

S is covered by a whole life policy. Which insurance product can cover his children?
~~~
( )Assignment provision
( )Payor benefit
( )Accelerated benefit rider
( )Child term rider
~~~
S é coberto por uma política de vida inteira. Qual produto de seguro pode cobrir sua crianças?

A

Child term rider

38
Q

Which of these types of life insurance allows the policyowner to have level premiums and to also choose from a selection of investment options?
~~~
( )Modified Whole Life
( )Variable Life
( )Universal Life
( )Adjustable Life
~~~
Qual desses tipos de seguro de vida permite que o segurado tenha nível prêmios e também escolher entre uma seleção de opções de investimento?

A

Variable Life

39
Q

Who benefits in Investor-Originated Life Insurance (IOLI) when the insured dies?
~~~
( )beneficiary
( )insured
( )policyowner
( )insurer
~~~
Quem se beneficia do Seguro de Vida Originado pelo Investidor (IOLI) quando o segurado morre?

A

policyowner

40
Q

Which of these is an element of a Variable Life policy?
~~~
( )A fixed, level premium
( )Insurer assumes the investment risk
( )No investment risk to the policyowner
( )Rate of returns are guaranteed
~~~
Qual destes é um elemento de uma apólice de Vida Variável?

A

A fixed, level premium

Um prêmio fixo e nivelado

41
Q

Additional coverage can be added to a Whole Life policy by adding a(n)
~~~
( )payor rider
( )accelerated benefit rider
( )decreasing term rider
( )automatic premium loan rider
~~~
Cobertura adicional pode ser adicionada a uma apólice de vida inteira adicionando um (n)

A

decreasing term rider

piloto de prazo decrescente

42
Q

What type of insurance offers permanent life coverage with premiums that are payable for life?
~~~
( )Credit Life
( )Renewable Term Life
( )Whole Life
( )Endowment
~~~
Que tipo de seguro oferece cobertura de vida permanente com prêmios que são pagável por toda a vida?

A

Whole Life

43
Q

T would like to be assured $10,000 is available in 10 years to replace a roof on his house. What kind of $10,000 policy should T purchase?
~~~
( )Interest-Sensitive Whole Life
( )Ten-Year Endowment
( )Variable Universal Life
( )Ten-Year Renewable Term
~~~
T gostaria de ter certeza de que $ 10.000 estarão disponíveis em 10 anos para substituir um telhado
na casa dele. Que tipo de apólice de $ 10.000 T deveria comprar?

A

Ten-Year Endowment

Doação de Dez Anos

44
Q

What kind of life insurance policy pays a specified monthly income to a beneficiary for 30 years and then pays a lump sum benefit at the end of that 30 years?
~~~
( )Family Lump Sum Policy
( )Family Maintenance Policy
( )Family Survivor Policy
( )Family Income Policy
~~~
Que tipo de apólice de seguro de vida paga uma determinada renda mensal a um beneficiário por 30 anos e, em seguida, paga um benefício de montante fixo no final desse período 30 anos?

A

Family Maintenance Policy

Política de Manutenção Familiar

45
Q

A Family Income Policy is a combination of Whole Life and
~~~
( )Decreasing Term insurance
( )Level Term insurance
( )Deposit Term insurance
( )Increasing Term insurance
~~~
Uma apólice de renda familiar é uma combinação de toda a vida e

A

Decreasing Term insurance

Diminuição do seguro de prazo

46
Q

Which is true concerning a Variable Universal Life policy?
~~~
( )Policyowner controls where the investment will go and selects the amount of the premium payment
( )Policyowner has no say where the investment will go but can choose the premium mode
( )The investment vehicle for this type of policy is held in the insurer’s general portfolio
( )The death benefit can vary but the policyowner has no say in the premium amount paid
~~~
O que é verdade em relação a uma apólice de Vida Universal Variável?

A

Policyowner controls where the investment will go and selects the amount of the premium payment

*O proprietário da apólice controla para onde irá o investimento e selec

47
Q

K pays on a $20,000 20-Year Endowment policy for 10 years and dies from an automobile accident. How much will the insurance company pay the beneficiary?
~~~
( )Return of premiums paid
( )Cash value plus interest
( )$20,000 death benefit
( )Face amount plus interest
~~~
K paga uma apólice de $ 20.000 de 20 anos por 10 anos e morre de um acidente automobilístico. Quanto a seguradora pagará pelo beneficiário?

A

$20,000 death benefit

$ 20.000 de benefício por morte

48
Q

What kind of insurance policy supplies an income stream over a set period of time that starts when the insured dies?
~~~
( )Family Maintenance Policy
( )Family Income Policy
( )Survivor Policy
( )Family Survivor Policy
~~~

A

Family Maintenance Policy

49
Q

What kind of insurance policy supplies an income stream over a set period of time that starts when the insured dies?
~~~
( )Family Maintenance Policy
( )Family Income Policy
( )Survivor Policy
( )Family Survivor Policy
~~~
Que tipo de apólice de seguro fornece um fluxo de renda durante um determinado período de tempo que começa quando o segurado morre?

A

Family Maintenance Policy

50
Q

D needs life insurance that provides coverage for only a limited amount of time while also paying the lowest possible premium. What kind of policy is needed?
~~~
( )Limited-pay life
( )Graded Premium
( )Level term
( )Endowment
~~~
D precisa de um seguro de vida que ofereça cobertura apenas por um período limitado de tempo, ao mesmo tempo em que paga o prêmio mais baixo possível. Que tipo de política é necessária?

A

Level term

51
Q

What type of life insurance gives the greatest amount of coverage for a limited period of time?
~~~
( )Term life
( )Graded Premium Whole life
( )Whole life
( )Endowment policy
~~~
Que tipo de seguro de vida oferece a maior cobertura por um período de tempo limitado?

A

Term life

52
Q

All of these insurance products require an agent to have proper FINRA securities registration in order to sell them EXCEPT for
~~~
( )Variable Life
( )Modified Whole Life
( )Universal Variable life
( )Variable Annuity
~~~
Todos esses produtos de seguro exigem que um agente tenha registro de valores mobiliários FINRA adequado para vendê-los, EXCETO para

A

Modified Whole Life

53
Q

Credit Life insurance is
~~~
( )issued in any amount at the discretion of the applicant
( )used in the event of loss of income
( )issued in an amount not to exceed the amount of the loan
( )coverage that waives the premiums on a loan payment in the event of total disability
~~~
O seguro de vida de crédito é
~~~
( )emitido em qualquer valor a critério do requerente
( )utilizado em caso de perda de receita
( )emitido em um valor que não exceda o valor do empréstimo
( )cobertura que dispensa os prêmios do pagamento de um empréstimo em caso de invalidez total

A

issued in an amount not to exceed the amount of the loan

emitido em um valor que não exceda o valor do empréstimo

54
Q

What kind of life insurance product covers children under their parent’s policy?
~~~
( )Family Maintenance rider
( )Term rider
( )Family Income rider
( )Payor benefit
~~~
Que tipo de produto de seguro de vida cobre crianças sob a apólice de seus pais?

A

Term rider

55
Q

What type of insurance offers permanent life coverage with premiums that are payable for life?
~~~
( )Credit Life
( )Renewable Term Life
( )Whole Life
( )Endowment
~~~
Que tipo de seguro oferece cobertura de vida permanente com prêmios pagos por toda a vida?

A

Whole Life

56
Q

K buys a policy where the premium stays fixed for the first 5 years. The premium then increases in year 6 and stays level thereafter, all the while the death benefit remains the same. What kind of policy is this?
~~~
( )Variable Life
( )Adjustable Life
( )Graded Premium Whole Life
( )Modified Whole Life
~~~
K compra uma apólice em que o prêmio permanece fixo nos primeiros 5 anos. O prêmio então aumentxswa no ano 6 e permanece nível depois disso, enquanto o benefício por morte permanece o mesmo. Que tipo de política é essa?

A

Modified Whole Life

57
Q

Variable Whole Life Insurance can be described as
~~~
( )both an insurance and securities product
( )an insurance product only
( )a securities product only
( )the insurance company assumes the investment risk
~~~
O seguro de vida variável pode ser descrito como

A

both an insurance and securities product

58
Q

Variable Life products require a producer to
~~~
( )guarantee not more than a 12% return per annum
( )hold a Life and Health Insurance license
( )hold a Life Insurance license and a Securities license
( )be regulated solely by State Law
~~~
Os produtos de Vida Variável exigem que um produtor

A

hold a Life Insurance license and a Securities license

SOCIAL SECURITY (4 decks)

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