7 Which of the Following Best Describes Term Life Insurance

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Added 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.

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The insured is covered during his or her entire lifetime.

. Which of the following best describes term life insurance Weegy. C It is level term insurance. An individual has a 20000 convertible term life insurance policy.

Which of the following best describes pure life annuity. The insured pays a premium for a specified number of years. The insured pays a premium for a specified number of years best describes term life insurance.

Term insurance is the best alternative for temporary life insurance needs. Which of the following best describes term life insuranceA. The insured can borrow or collect the cash value of the policy.

A mutual fund and an endowment policy b. Log in for more information. 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. The following best describes term life insurance. It should be noted that coverage is also for a specified number of years.

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

Expert answeredWalletroPoints 226968 User. Which of the following best describes annually renewable term insurance. A Policy dividends represent earnings to shareowners who hold stock in insurance companies.

Added 7 minutes 2 seconds ago4142022 122500 PM. Which of the following best describes term life insurance is a tool to reduce your risks. Which of the following best describes annually renewable term insurance.

B Policy dividends affect the cost of virtually all insurance policies issued today. Depending on the chosen program you can partially or completely protect yourself from unforeseen expenses. It provides the highest monthly benefits.

The insured pays the premium until his or her death. A a 3-year renewable policy allows a term policyowner to renew the same coverage for another 3 years. Added 4142012 54814 PM.

Which of the following statements best describes life insurance policy dividends. 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.

It is level term insurance A rider attached to a life insurance policy that provides coverage on the insureds family memebers is called the. The following best describes term life insurance. The insured pays a premium for a specified number of years.

In the following year the cash value took a significant decline and was worth only 70000. A term insurance policy and a whole life policy c. 21- Which of the following best describes what life insurance is designed to protect against.

A Neither the premium nor the death benefit is affected by the insureds age. C Policy dividends are an intentional return of a portion of the premiums paid. Usually term insurance is the best alternative if protection is needed for less than 10 years.

Log in for more information. The insured pays the premium until his or her death. Which of the following combinations best describe a universal life insurance policy.

Probability of dying increasing as you grow older. B a 3-year renewable policy allows a term policyowner to increase coverage for the next 3 years. Dying before financial obligations have been met.

The insured pays a premium for a specified number of years. Is a tool to reduce your risks. Which of the following describes a contributory group insurance plan.

The insured is covered during his or her entire lifetime. If he chooses he can. Start studying Chapter 7 - Group Life Insurance.

An insured has a variable life policy with a 100000 face amount. Upon conversion the death benefit of the permanent policy will be reduced by 50. All of the following best describes Term Life Insurance EXCEPT.

See the answer See the answer done loading. The insured pays a premium for a specified number of years. Convert to a whole life policy for the same face amount without proof of insurability.

During this time the policy face amount was increased to 150000. Which of the following best describes term life insurance. And these costs can be from 100 to several tens or.

Written for a specified time period. The Emerson first national bank is lending you money to buy a your car the loan agreement will probably state that you must carry _ insurance. Term group life coverage into permanent insurance.

Part of the premium is paid by the employee. B It provides an annually increasing death benefit. Which of the following best describes annually renewable term insurance.

The choice that best describes term life insurance is. A flexible premium deposit fund and a monthly renewable term 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.

The insured can borrow or collect the cash value of the policy. This means that youll slowly. A modified endowment policy and an annual term insurance policy d.

The insured is covered during his or her entire lifetimeB. At one time the cash value exceeded 100000 and was worth 150000. Learn vocabulary terms and more with flashcards games and other study tools.

Log in for more information. C an option to convert provides that a term life insurance policy can be exchanged for a. The insured pays a.

All of the following statements regarding term life insurance are correct EXCEPT. This answer has been confirmed as correct and helpful. All of the following are TRUE regarding the convertibility option under a term life insurance policy EXCEPT.

Which Of The Following Best Describes Term Life Insurance Term Life Insurance Term Life Permanent Life Insurance