15 Which of the Following Best Describes Term Life Insurance

Depending on the chosen program you can partially or completely protect yourself from unforeseen expenses. The insured pays a premium for a specified number of years.

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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.

. The insured is covered during his or her entire lifetime. A The face amount of the policy gradually increases the longer the policy remains in force. Log in for more information.

Which of the following statements describing whole life insurance is CORRECT. All of the following are TRUE regarding the convertibility option under a term life insurance policy EXCEPT. Probability of dying increasing as you grow older.

The insured pays the premium until his or her death. The insured can borrow or collect the cash value of the policy. C It is level term insurance.

The insured pays a premium for a specified number of years the statement that best describes term life insurance is that b. C Whole life insurance is best when the insured desires temporary coverage because its cash values will refund nearly all premiums paid. The insured is covered during his or her entire lifetimeB.

Which of the following best describes term life insurance. 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. All of the following are TRUE regarding the convertibility option under a term life insurance policy EXCEPT.

The right answer for the question that is being asked and shown above is that. The insured pays the premium until his or her deathC. Which of the following best describes term life insuranceA.

A It requires proof of insurability at each renewal. C It provides an annually increasing death benefit. B Equal to the cash value surrendered from the policy.

Term life insurance allows you to save money and place it into other accounts that will grow. Which of the following best describes annually renewable term insurance. See the answer See the answer done loading.

Added 4142012 54814 PM. B Policy dividends affect the cost of virtually all insurance policies issued today. 21- Which of the following best describes what life insurance is designed to protect against.

Which of the following statements best describes life insurance policy dividends. This answer has been confirmed as correct and helpful. The insured is covered during his or her entire lifetime.

Which of the following best describes annually renewable term insurance. Which of the following best describes annually renewable term insurance. Dying before financial obligations have been met.

Punineep and 74 more users found this answer helpful. And these costs can be from 100 to several tens or. The choice that best describes term life insurance is.

B The shorter the premium period the slower the cash value will grow. C Whole life insurance is designed to mature at age 100. Which of the following best describes term life insurance.

The insured pays a premium for a specified number of years. A three-year renewable policy allows a term policy owner to renew the same coverage for another three years b. Is a tool to reduce your risks.

And if the accident insurance event occurs the insurance company will bear all or all of the costs in full or in part. Log in for more information. Depending on the chosen program you can partially or completely protect yourself from unforeseen expenses.

The insured pays a premium for a specified number of years. C Policy dividends are an intentional return of a portion of the premiums paid. The insured pays the premium until his or her death.

A Term life insurance is most suitable when the need for protection is permanent. And these costs can be from 100 to several tens or. A Policy dividends represent earnings to shareowners who hold stock in insurance companies.

B It provides an annually increasing death benefit. The insured pays a premium for a specified number of years. It should be noted that coverage is also for a specified number of years.

The insured pays a. 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 best describes term life insurance is a tool to reduce your risks.

An employee quits his job on May 15 and doesnt convert his Group Life policy to an individual policy for 2 weeks. And if the accident insurance event occurs the insurance company will bear all or all of the costs in full or in part. She separates from her employer decides to convert her policy to a 300000 whole life insurance policy.

And if the accident insurance event occurs the insurance company will bear all or all of the costs in full or in part. B Decreasing term insurance is useful when the insureds debt is increasing at a steady predictable rate. Which of the following best describes annually renewable term insurance.

All of the following statements regarding term life insurance are correct EXCEPT a. He dies in a freak accident on June 1. Depending on the chosen program you can partially or completely protect yourself from unforeseen expenses.

D It is level term insurance. The following best describes term life insurance. This means that youll slowly.

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. B Neither the premium nor the death benefit is affected by the insureds age.

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. A three-year renewable policy allows a term policy owner to.

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