16 Which of the Following Best Describes Term Life Insurance

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

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The insured pays a premium for a specified number of years.

. It remains in effect to age 100 so long as premium is paid. Starting a family getting married starting a business or switching to a profession where danger is involved are all great reasons to take out a policy. The insured is covered during his or her entire lifetime.

All of the following best describes Permanent Insurance Whole Life EXCEPT. Insurance agent Margaret receives life insurance applications from Tim and Tom who are identical twins and are each applying for the exact same type of policy with the same face amount. Log in for more information.

The insured pays the premium until his or her death. The insured pays the premium until his or her death. Term life insurance covers you during the most important years of your life The best time to open a term life insurance policy is when youre expecting to make a big life decision.

The insured can borrow or collect the cash value of the policy. The insured is covered during his or her entire lifetime. The correct answer is.

An insured borrows money from the bank and makes a collateral assignment of a part of the dead benefit to secure the loan. The insured is covered during his or her entire lifetime. 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 can borrow or collect the cash value of the policy. The insured pays a premium for a specified number of years.

A mutual fund and an endowment policy b. The insured pays the premium until his or her death. Is a tool to reduce your risks.

You lend 720 and the borrower promises to pay you792 at the end of 1 year. The insured is covered during his or her entire lifetime. The insured is covered during his or her entire lifetime.

The following best describes term life insurance. You borrow 720 and promise to pay back792 at the end of 1 year. One of the advantages of a variable annuity in comparison to a fix annuity is.

The insured is covered during his or her entire lifetime. Which of the following best describes term life insurance. With adjustable life the owner can change all of the following except.

An insured couple purchases a life insurance policy insuring the life of their grandson. The insured pays a premium for a specified number of years. Which of the following best describes term life insurance.

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

The insured can borrow or collect the cash value of the policy. Added 7 minutes 2 seconds ago4142022 122500 PM. The insurance company issues the policies as applied for but charges Tom a 15 higher premium.

The insured can borrow or collect the cash value of the policy. Find the interest rates earned on each of the following. B It provides an annually increasing death benefit.

Which of the following best describes term life insurance. 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 combinations best describe a universal life insurance policy.

Which of the following combinations best describe a universal life insurance policy. The insured can borrow or collect the cash value of the policy. The insured pays the premium until his or her death.

The length of time the coverage will last. The insured pays a premium for a specified number of years. It combines death protection with cash value.

The insured pays the premium until his or her death. Depending on the chosen program you can partially or completely protect yourself from unforeseen expenses. Which of the following best describes term life insurance.

A modified endowment policy and an annual term insurance policy d. The insured pays a premium for a specified number of years. A flexible premium deposit fund and a monthly renewable term insurance policy.

A flexible premium deposit fund and a monthly renewable term insurance policy The insurance coverage in a variable life insurance policy may vary based on the value of. A Neither the premium nor the death benefit is affected by the insureds age. Which of the following best describes term life insurance.

C It is level term insurance. The insured pays the premium until his or her death. Which of the following best describes term life insurance.

The insured pays a premium for a specified number of years O C. A term insurance policy and a whole life policy c. Which of the following best describes term life insurance.

All of the following examples of third-party ownership of a life insurance policy EXCEPT. You lend 720 and the borrower promises to pay you792 at the end of 1 year.

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