Unless otherwise agreed in writing, the Company shall not be under any obligation to affect a separate insurance on the goods, but may declare it on any open or general policy held by the Company.

Women are typically underinsured, with a life policy equal to three times their income. Five times is a better ballpark.

The research shows that the game model has a perfect Bayesian Nash equilibrium, whereas telling the truth is not always a perfect Bayesian Nash equilibrium of the policyholder.