18 Which of the Following Best Describes Term Life Insurance
The insured is covered during his or her entire lifetime. The insured pays the premium until his or her death.
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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. Because it only offers protection for a limited time term life is best used for temporary needs that have a defined end-date. This is one of the common selling points for whole life or universal life rather than term life insurance.
Which of the following best describes term life insuranceA. And if the accident insurance event occurs the insurance company will bear all or all of the costs in full or in part. And if the accident insurance event occurs the insurance company will bear all or all of the costs in full or in part.
An insureds cancelable health insurance policy is being cancelled. Which of the following best describes term life insurance. C an option to convert provides that a term life insurance policy can be exchanged for a.
See the answer See the answer done loading. 21- Which of the following best describes what life insurance is designed to protect against. The insured pays a premium for a specified number of years.
The insured can borrow or collect the cash value of the policy. Which of the following best describes term life insurance. Which of the following best describes term life insurance.
Log in for more information. An insured has a variable life policy with a 100000 face amount. Probability of dying increasing as you grow older.
The correct answer is. The insured can borrow or collect the cash value of the policy. At one time the cash value exceeded 100000 and was worth 150000.
Which of the following best describes term life insurance. The insured pays a. The insured pays a premium for a specified number of years.
All of the following best describes Term Life Insurance EXCEPT. Which of the following best describes term life insurance. The insured is covered during his or her entire lifetime.
Which of the following best describes the coverage that he would receive. One day before the policy is scheduled to end he is involved in a major accident and is hospitalized fora week. In the following year the cash value took a significant decline and was worth only 70000.
Dying before financial obligations have been met. Depending on the chosen program you can partially or completely protect yourself from unforeseen expenses. 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.
Which of the following best describes annually renewable term insurance. A a 3-year renewable policy allows a term policyowner to renew the same coverage for another 3 years. The insured can borrow or collect the cash value of the policy.
The insured pays the premium until his or her deathC. A source of emergency cash for any financial need. C It is level term insurance.
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. 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 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.
The insurance company issues the policies as applied for but charges Tom a 15 higher premium. 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. With a joint life insurance policy which of the following best describes the coverage continuation option available to the surviving insured upon the death of the first insured.
Log in for more information. It should be noted that coverage is also for a specified number of years. Which of the following best describes term life insurance.
B a 3-year renewable policy allows a term policyowner to increase coverage for the next 3 years. The insured pays the premium until his or her death. Which of the following best describes term life insurance is a tool to reduce your risks.
If the claim is disputed in court and the insurer loses the face amount will. Like other types of life insurance endowment contracts pay a death benefit at the insureds death. Term life insurance is well suited for all the following needs EXCEPT.
The insured is covered during his or her entire lifetime. A term life insurance policy is the simplest purest form of life insurance. Best Life Insurance Companies.
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. During this time the policy face amount was increased to 150000. The insured is covered during his or her entire lifetime.
Added 4142012 54814 PM. B It provides an annually increasing death benefit. All of the following statements regarding term life insurance are correct EXCEPT.
You pay a premium for a period of time typically between 10 and 30 years and if you die during that time a cash benefit is paid to your family or anyone else you name as your beneficiary. Added 7 minutes 2 seconds ago4142022 122500 PM. The insured pays the premium until his or her death.
The insured pays a premium for a specified number of years. 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.
This answer has been confirmed as correct and helpful. Which of the following BEST describes a double indemnity provision in travel accident insurance. The insured is covered during his or her.
Benefits are doubled under certain circumstances stated in the policy b. The surviving insured may buy an individual policy with the same or a lesser face amount without having to provide evidence of insurability. The choice that best describes term life insurance is.
The insured pays the premium until his or her death. Is a tool to reduce your risks. The insured pays a premium for a specified number of years.
The insured pays a premium for a specified number of years. Which of the following best describes term life insurance. Written for a specified time period.
2 days agoThe following best describes term life insurance. The insured is covered during his or her entire lifetimeB.
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