17 Which of the Following Best Describes Term Life Insurance

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. 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. A a 3-year renewable policy allows a term policyowner to renew the same coverage for another 3 years.

Flexible Premium Variable life policy D. -best describes term life insurance. Target and minimum C.

Annually renewable Term policy with a cash value amount. The insured is covered during his or her entire lifetime. Whole Life policy with two premiums.

The insured can borrow or collect the cash value of the policy. The insured can borrow or collect the cash value of the policy. Life insurance can be Term or Whole Life.

A participating life insurance policy in which the one-year term dividend option is used. The insured is covered during his or her entire lifetime. B a 3-year renewable policy allows a term policyowner to increase coverage for the next 3 years.

Which of the following best describes term life insurance is a tool to reduce your risks. Which of the following best describes term life insurance. Written for a specified time period.

It provides an annually increasing death benefit. And if the accident insurance event occurs the insurance company will bear all or all of the costs in full or in part. The cash value endows at age 100.

Which of the following best describes term life insurance. Added 17 minutes 52 seconds ago4242022 51855 AM. The insured pays a premium for a specified number of years.

See the answer See the answer done loading. A Policy dividends represent earnings to shareowners who hold stock in insurance companies. Graded Premium Whole Life.

Term insurance provides death benefit protection for a limited period of time. C an option to convert provides that a term life insurance policy can be exchanged for a. A life insurance policy converted to reduced paid-up insurance b.

All of the following best describes Term Life Insurance EXCEPT. Is a tool to reduce your risks. Neither the premium nor the death benefit is affected by the insureds age.

It is level term insurance. Probability of dying increasing as you grow older. And if the accident insurance event occurs the insurance company will bear all or all of the costs in full or in part.

2 days agoThe following best describes term life insurance. Variable life with a cash value account B. B Equal to the cash value surrendered from the policy.

B Policy dividends affect the cost of virtually all insurance policies issued today. And these costs can be from 100 to several tens or. The following best describes term life insurance.

Log in for more information. C Policy dividends are an intentional return of a portion of the premiums paid. 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.

Depending on the chosen program you can partially or completely protect yourself from unforeseen expenses. Where replacement is involved every life insurer that uses an agent in a life insurance or annuity sale shall send to the existing life insurer a written communication advising of the replacement within ____ working days of the date the application was received. And these costs can be from 100 to several tens or.

Depending on the chosen program you can partially or completely protect yourself from unforeseen expenses. Which of the following statements best describes life insurance policy dividends. 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.

Which of the following best describes term life insurance. -best describes term life insurance. Which of the following best describes term life insurance.

All of the following statements regarding term life insurance are correct EXCEPT. The insured can borrow or collect the cash value of the policy. Which of the following is not considered a life insurance replacement transaction.

Which of the following statements is NOT TRUE. Added 1 minute 42 seconds ago4242022 51855 AM. Upgrade to remove ads.

A life insurance policy pledged as collateral d. The insured pays a premium for a specified number of years. The insured is covered during his or her entire lifetime.

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

Term insurance is paid over a short period of time such as 1 time a year for a short period of. The insured pays the premium until his or her death. Term life insurance is a form of insurance that is typically less expensive initially than whole life insurance and provides pure or temporary protection for a limited period of time.

15 hours agoA type of life insurance that guarantees payment of a stated death benefit if the covered person dies during a specified term. 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. A Universal Life Insurance policy is best described as aan A.

The insured pays the premium until his or her death. 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 the premium until his or her death.

A lapsed life insurance policy c. A type of life insurance that guarantees payment of a stated death benefit if the covered person dies during a specified term.

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