Primarily for ________, most courts or state legislatures have determined that a minor should not have the right to disaffirm certain types of contracts including life insurance, health insurance, counseling, education loans and marriage contracts.

A) competency reasons
B) public policy reasons
C) governmental reasons
D) banking reasons
E) legal reasons

Public Policy Reasons

Justifications or rationales based on the public good or societal interests that guide or influence legislative, governmental, or organizational decisions.

Disaffirm

The act of rejecting or renouncing a contract or agreement, particularly by a minor who is not legally bound by contracts.

Life Insurance

A contract between an insurer and a policyholder where the insurer pledges payment of a death benefit to named beneficiaries upon the death of the insured.