20 Which of the Following Best Describes Term Life Insurance

It should be noted that coverage is also for a specified number of years. Which of the following best describes term life insurance is a tool to reduce your risks.

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The insurer can make policy charges without difficulty.

. Premiums are fixed for the first 5 years. Which of the following best describes term life insurance. The insured pays a premium for a specified number of years.

At the end of 20 years the policys cash value will equal 100000. And if the accident insurance event occurs the insurance company will bear all or all of the costs in full or in part. Life insurance is a type of liability coverage that pays a death benefit if the insured person dies during the policys term.

An annual renewable term policy is a short-term life insurance policy with an option to renew at the end of each year at an increasing rate. In three yearsthe truck depreciates 48 in value. Log in for more information.

Which of the following best describes term life insurance. The insured pays the premium until his or her death. All of the following are TRUE regarding the convertibility option under a term life insurance policy EXCEPT.

Which of the following best describes annually renewable term insurance. She separates from her employer decides to convert her policy to a 300000 whole life insurance policy. The policy owner can make policy changes without difficulty.

Under a 20-pay whole life policy in order for the policy to pay the death benefit to the beneficiary the premiums must be paid. Asked 20 minutes 18 seconds ago4142022 120646 PM. D It is also known as the pay-in period.

All of the following statements about term insurance are correct EXCEPT. Evidence of insurability is. Depending on the chosen program you can partially or completely protect yourself from unforeseen expenses.

This means that youll slowly. Log in for more information. Whish of the following is intended.

Is a tool to reduce your risks. The insured pays the premium until his or her death. How much is the truck worth in three years.

A A 10-year renewable term is a policy with a level premium and a corresponding decreasing face amount. See the answer See the answer done loading. This answer has been confirmed as correct and helpful.

Which of the following is INCORRECT regarding a 1000000 20-year level term policy. Which of the following best describes term life insurance. The insured pays a premium for a specified number of years.

An advantage of owning a flexible premium life insurance policy would be. With WHOLE LIFE insurance the insured agrees to pay a specific premium each year until deathUser. Updated 2 minutes 4 seconds ago4142022 122500 PM.

With answer 4 a whole-life or universal life policy both offer a cash-value savings account that is tax deferred. Term life insurance is a form of insurance that provides a predetermined amount of coverage for a specific period of time. The following best describes term life insurance.

B Neither the premium nor the death benefit is affected by the insureds age. Kendra a 20-year employee of XYZ Enterprises receives an employee benefit term life insurance policy valued at 50000. Which of the following terms best describes a life insurance policy that provides a straight 100000 of coverage for a period of 5 years.

The insured pays a premium for a specified number of years. The insured can borrow or collect the cash value of the policy. Dying before financial obligations have been met.

Which of the following best describes annually renewable term insurance. The insured is covered during his or her entire lifetime. Probability of dying increasing as you grow older.

Which of the following best describes term life insurance. B It is the period during which the annuity payments earn interest. Her expertise has appeared in.

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. 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 pays the premium until his or her death. The choice that best describes term life insurance is.

C Policy dividends are an intentional return of a portion of the premiums paid. Of the following which statement best describes a 10-year renewable term life insurance policy. A Policy dividends represent earnings to shareowners who hold stock in insurance companies.

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. In three years the truck is worth 28000 - 28000 48 14560 User. A Permanent level.

Amanda Shih is an editor and a licensed life disability and health insurance expert at Policygenius where she writes about life insurance and disability insurance. And these costs can be from 100 to several tens or. The insured is covered during his or her entire lifetime.

Added 4142012 54814 PM. Marlin Davis buys a truck for 28000. Try this site where you can compare quotes from different companies.

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

A Refund the premiums paid. 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.

Unit 20 Unit 21 Unit 22 Unit 23. C It is the period over which the annuitant makes payments into an annuity. Which of the following statements best describes life insurance policy dividends.

The insured can borrow or collect the cash value of the policy. A it pays a benefit only if the insured dies during a specified period. The insured pays a premium for a specified number of years.

A It requires proof of insurability at each renewal. An insured committed suicide one year after his life insurance policy was issued. B Policy dividends affect the cost of virtually all insurance policies issued today.

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.

21- Which of the following best describes what life insurance is designed to protect against.

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