6. Which of the Following Best Describes Term Life Insurance

Term life insurance also known as pure life insurance is a type of life insurance that guarantees payment of a stated death benefit if the covered person dies during a specified. The insured can borrow or collect the cash value of the policy.

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Is a tool to reduce your risks.

. Which of the following methods of calulating the face amount of life insurance needed takes into account the insureds wages. The insured is covered during his or her. The insured is covered during his or her entire lifetime.

B To maintain an account that insures the owner of a company remains solvent. B It provides an annually. A Policy dividends represent earnings to shareowners who hold stock in insurance companies.

The insured can borrow or collect the cash value of the. The insured pays a premium for a specified number of years. 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. Which of the following statements best describes life insurance policy dividends. A Neither the premium nor the death benefit is affected by the insureds age.

Which of the following best describes term life insurance. The insured pays a premium for a specified number of years. It should be noted that coverage is also for a specified.

Provide for the distribution of dividends to the policy owner. Which of the following best describes term life insurance. The choice that best describes term life insurance is.

Which of the following best describes Participating Life Insurance policies. See the answer See the answer done loading. Level term life insurance is exactly what the term implies.

21- Which of the following best describes what life insurance is designed to protect against. Which of the following best describes annually renewable term insurance. The insured pays the premium until his or her death.

A To insure retirement benefits are available to all key employees. It is life insurance for specific. The insured pays the premium until his or her death.

The insured pays a premium for a specified number of years. Depending on the chosen program you can partially or completely protect yourself from. Orissa purchases a 10-year level term life insurance policy that has a death benefit of 200000.

C To lessen the risk of financial loss. Probability of dying increasing as. Which of the following best describes Capital Liquidation in an.

Which of the following best describes term life insurance. The insured pays a premium for a specified number of years. The insured pays a premium for a specified number of years best describes term life insurance.

A Permanent level B Whole term. Term insurance is paid over a short period of time such as 1 time a year for a short period of coverage such. All of the following best describes Term Life Insurance EXCEPT.

Which of the following will be included in a policy summary. Learn vocabulary terms and more with flashcards games and other study tools. Life insurance can be Term or Whole Life.

This is the most common basic type of term life insurance and the one most people are familiar with. Start studying Life Insurance. Term life insurance allows you to save money and place it into other accounts that will grow.

Written for a specified time period. This means that youll slowly accumulate money the longer you. Depending on the chosen program you can partially or completely protect yourself from.

Expert answered Walletro Points 226968 User. Which of the following best describes term life insurance is a tool to reduce your risks. Which of the following BEST describes a conditional insurance contract.

Which of the following best describes term life insurance. Allow variation in the wording of certain provisions b. Which of the following terms best describes a life insurance policy that provides a straight 100000 of coverage for a period of 5 years.

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