10 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.

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And if the accident insurance event occurs the insurance company will bear all or all of the costs in full or in part.

. C It is level term insurance. The insured can borrow or collect the cash value of the policy. D providing more flexibility in paying premiums.

If the insured dies during the time period specified in a term policy and the policy is active a death benefit will be paid. Kendra a 20-year employee of XYZ Enterprises receives an employee benefit term life insurance policy valued at 50000. Which of the following best describes term life insurance.

She separates from her employer decides to convert her policy to a 300000 whole life insurance policy. Which of the following best describes term life insurance. The insured is covered during his or her entire lifetime.

The insured is covered during his or her entire lifetime. The insured pays the premium until his or her deathC. Which of the following best describes what the annuity period is.

An insured buys a 5-year level premium term policy with a face amount of 10000. The insured can borrow or collect the cash value of the policy. Which of the following best describes term life insurance.

The insured is covered during his or her entire lifetimeB. B It provides an annually increasing death benefit. A term insurance only.

The insured can borrow or collect the cash value of the policy. The insured pays a premium for a specified number of years. A Neither the premium nor the death benefit is affected by the insureds age.

The insured pays a premium for a specified number of years. The insured pays the premium until his or her death. The insured is covered during his or her entire lifetime.

B A 10-year renewable term is a policy in which the premium and face amount increase at the end of each 10-year period. What term best describes this arrangement. C a whole life policy where the face amount may be changed at any time.

Depending on the chosen program you can partially or completely protect yourself from unforeseen expenses. Of the following which statement best describes a 10-year renewable term life insurance policy. Depending on the chosen program you can partially or completely protect yourself from unforeseen expenses.

An insured receives an annual life insurance dividend check. 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.

The insured is covered during his or her entire lifetime. With answer 4 a whole-life or universal life policy both offer a cash-value savings account that is tax deferred. Is a tool to reduce your risks.

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. The insured pays a premium for a specified number of years. The insured can borrow or collect the cash value of the policy.

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. The insured is covered during his or her entire lifetime.

Which of the following best describes term life insuranceA. The insured pays a premium for a specified number of years. B a form of fixed face fixed premium whole life insurance.

A A 10-year renewable term is a policy with a level premium and a corresponding decreasing face amount. During the conversion period before an individual policy has become effective Kendra dies in an accident. The insured pays a.

When a producer was reviewing a potential customers coverage written by another company the producer made several remarks that were maliciously critical of. The insured pays the premium until his or her death. The insured pays the premium until his or her death.

A universal life insurance policy ULI is considered to be. A Permanent level B Whole term C Level term D Variable term. This means that youll slowly.

Which of the following best describes term life insurance. The insured pays a premium for a specified number of years. The policy also contains renewability and convertibility options.

Which of the following best describes term life insurance. Which of the following best describes term life insurance. A life insurance license.

The insured can borrow or collect the cash value of the policy. Depending on the chosen program you can partially or completely protect yourself from unforeseen expenses. Which of the following best describes term life insurance.

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 best describes annually renewable term insurance.

The insured pays the premium until his or her death. The insured pays the premium until his or her death. The insured can borrow or collect the cash value of the policy.

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 terms best describes a life insurance policy that provides a straight 100000 of coverage for a period of 5 years. Term life insurance allows you to save money and place it into other accounts that will grow.

And these costs can be from 100 to several tens or. The insured is covered during his or her entire lifetime. The insured pays the premium until his or her death.

Term insurance is a type of life insurance policy that provides coverage for a certain period of time or a specified term of years. Which of the following best describes annually renewable term insurance is a tool to reduce your risks.

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