17. Which of the Following Best Describes Term Life Insurance

The insured can borrow or collect the cash value of the policy. Graded Premium Whole Life.

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B a 3-year renewable policy allows a term policyowner to increase coverage for the next 3 years.

. Which of the following is not considered a life insurance replacement transaction. The insured pays the premium until his or her death. Which of the following terms best describes a life insurance policy that provides a straight 100000 of coverage for a period of five years.

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

The insured pays the premium until his or her death. Terms in this set 17 Which of the following terms best describes a life insurance policy that provides a straight 100000 of coverage for a period of time. All of the following statements regarding term life insurance are correct EXCEPT.

The insured pays a premium for a specified number of years. All of the following best describes Term Life Insurance EXCEPT. C It is level term insurance.

The insured pays the premium until his or her death. C an option to convert provides that a term life insurance policy can be exchanged for a. The right answer for the question that is being asked and shown above is that.

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. A life insurance policy converted to reduced paid-up insurance b.

A a 3-year renewable policy allows a term policyowners to renew the same coverage for. It should be noted that coverage is also for a specified number of years. Which of the following best describes term life insurance.

The insured is covered during his or her entire lifetime. And if the accident insurance event occurs the insurance company will bear all or all of the costs in full or in part. Is a tool to reduce your risks.

Tap card to see definition. Log in for more information. A life insurance policy pledged as collateral d.

All of the following statements regarding term life insurance are correct EXCEPT. A participating life insurance policy in which the one-year term dividend option is used. Tap again to see term.

The insured is covered during his or her entire lifetime. And these costs can be from 100 to several tens or. 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. And these costs can be from 100 to several tens or. An individual company or legal entity that purchases ownership of a life insurance contract from a policyowner who in return receives compensation amounting to less than the policys death benefit usually 60-80 of the policys proceeds is known as a.

The insured pays a premium for a specified number of years. B It provides an annually increasing death benefit. The insured pays a premium for a specified number of years.

A lapsed life insurance policy c. Punineep and 74 more users found this answer helpful. Added 942014 21154 PM.

Term insurance is paid over a short period of time such as 1 time a year for a short period of. Which of the following combinations best describe a universal life insurance policy. Added 4142012 54814 PM.

And if the accident insurance event occurs the insurance company will bear all or all of the costs in full or in part. The insured pays a premium for a specified number of years the statement that best describes term life insurance is that b. Depending on the chosen program you can partially or completely protect yourself from unforeseen expenses.

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. The following best describes term life insurance. The insured can borrow or collect the cash value of the policy.

A a 3-year renewable policy allows a term policyowner to renew the same coverage for another 3 years. Which of the following best describes term life insurance. Confirmed by debnjerry942014 53851 PM.

The insured can borrow or collect the cash value of the policy. This means that youll slowly. Term life insurance allows you to save money and place it into other accounts that will grow.

Click card to see definition. Written for a specified time period. 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. Which of the following best describes term life insurance. Life insurance can be Term or Whole Life.

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

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