15 Which of the Following Best Describes Term Life Insurance

The right answer for the question that is being asked and shown above is that. Is a tool to reduce your risks.

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C Whole life insurance is designed to mature at age 100.

. Term life insurance allows you to save money and place it into other accounts that will grow. C a whole life policy where the face amount may be changed at any time. The insured pays the premium until his or her deathC.

Depending on the chosen program you can partially or completely protect yourself from unforeseen expenses. Depending on the chosen program you can partially or completely protect yourself from unforeseen expenses. The insured is covered during his or her entire lifetime.

And these costs can be from 100 to several tens or. The insured pays the premium until his or her death. C It is level term insurance.

C It provides an annually increasing death benefit. A universal Life insurance has two types of interest rates that are called. The insured can borrow or collect the cash value of the policy.

With answer 4 a whole-life or universal life policy both offer a cash-value savings account that is tax deferred. A It requires proof of insurability at each renewal. Annually renewable term policies a level death benefit for a premium that.

And if the accident insurance event occurs the insurance company will bear all or all of the costs in full or in part. Which of the following best describes term life insurance. Which of the following best describes annually renewable term insurance.

When a life insurance policy is cancelled and the insured has selected the extended term nonforfeiture option the cash value will be used to purchase term insurance that has a face amount a In lesser amounts for the remaining policy term of age 100. D providing more flexibility in paying premiums. The insured pays the premium until his or her death.

The insured is covered during his or her entire lifetime. Which of the following best describes term life insuranceA. Which of the following best describes term life insurance.

The insured is covered during his or her entire lifetime. Krissa purchases a 10-year level term life insurance policy that has a death benefit of 200000. A The face amount of the policy gradually increases the longer the policy remains in force.

And these costs can be from 100 to several tens or. This means that youll slowly. The insured can borrow or collect the cash value of the policy.

After 15 years the cash value has accumulated to 100000 and the policys face amount has become 600000. B It provides an annually increasing death benefit. The insured is covered during his or her entire lifetime.

Which of the following best describes term life insurance is a tool to reduce your risks. A term insurance only. The insured pays a premium for a specified number of years.

The insured pays the premium until his or her death. The insured pays the premium until his or her death. And if the accident insurance event occurs the insurance company will bear all or all of the costs in full or in part.

B Equal to the cash value surrendered from the policy. The insured is covered during his or her entire lifetime. A three-year renewable policy allows a term policy owner to.

The insured pays the premium until his or her death. The insured can borrow or collect the cash value of the policy. Which of the following statements describing whole life insurance is CORRECT.

Which of the following best describes term life insurance. The insured pays a premium for a specified number of years. He dies in a freak accident on June 1.

Which of the following best describes term life insurance. Which of the following best describes term life insurance. A universal life insurance policy ULI is considered to be.

Which of the following best describes annually renewable term insurance It is a level term insurance It requires proof of insurability at each renewal Neither the premium nor the death benefit is affected by the insureds age It provides annually increasing death benefit Which of tire following statements is true regarding the cash value in a Universal. And if the accident insurance event occurs the insurance company will bear all or all of the costs in full or in part. The insured can borrow or collect the cash value of the policy.

The insured pays a premium for a specified number of years. Which of the following best describes term life insurance. Punineep and 74 more users found this answer helpful.

The insured can borrow or collect the cash value of the policy. A Neither the premium nor the death benefit is affected by the insureds age. Which of the following best describes annually renewable term insurance is a tool to reduce your risks.

The insured pays a premium for a specified number of years the statement that best describes term life insurance is that b. Which of these statements is true. The insured is covered during his or her entire lifetimeB.

A three-year renewable policy allows a term policy owner to renew the same coverage for another three years b. The insured pays a premium for a specified number of years. Depending on the chosen program you can partially or completely protect yourself from unforeseen expenses.

The insured pays a. Which of the following best describes annually renewable term insurance. D It is level term insurance.

All of the following statements regarding term life insurance are correct EXCEPT a. An employee quits his job on May 15 and doesnt convert his Group Life policy to an individual policy for 2 weeks. The insured pays a premium for a specified number of years.

B Neither the premium nor the death benefit is affected by the insureds age. Which of the following BEST describes a conditional insurance contract. B a form of fixed face fixed premium whole life insurance.

B The shorter the premium period the slower the cash value will grow. The insured pays a premium for a specified number of years.

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