10 Which of the Following Best Describes Term Life Insurance

The insured can borrow or collect the cash value of the policy. Benefits are doubled under certain circumstances stated in the policy b.

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The policy will expire at the end of the 20yr period premiums will remain level for 20 yr if the insured dies before the policy expired the beneficiary will receive 100000.

. Log in for more information. E none of the above. The shorter the payment period the higher the premium.

Which of the following best describes annually renewable term insurance is a tool to reduce your risks. 22 Insurance and Risk Management Quiz- Quiz 1-10 For questions 1-10 fill in the blank with the letter of the term that best matches the description. Search for an answer or ask Weegy.

Which of the following best describes annually renewable term insurance. The following best describes term life insurance. This means that youll slowly.

As an example imagine a 42-year old father of three children who recently. What best describes term life. 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 can borrow or collect the cash value of the policy. All of the following statements regarding term life insurance are correct EXCEPT.

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. And if the accident insurance event occurs the insurance company will bear all or all of the costs in full or in part. What does level decreasing and increasing refer to in term insurance.

A A mutual fund and an endowment policy b A term insurance policy and a whole life policy c A modified endowment policy and an annual term insurance policy d A flexible premium deposit fund and a monthly renewable term insurance policy. The insured pays a premium for a specified number of years. The insured pays the premium until his or her death.

Which of the following best describes term life insurance. 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.

The choice that best describes term life insurance is. With answer 4 a whole-life or universal life policy both offer a cash-value savings account that is tax deferred. Added 5 hours 14 minutes ago4222022 32824 AM.

The following best describes term life insurance. B It provides an annually increasing death benefit. A a 3-year renewable policy allows a term policyowner to renew the same coverage for another 3 years.

Once that period or term is up it is up to the policy owner. TermThe statement which best describes the relationship between the premiums of a whole life policy and the premium payment period is. The insured is covered during his or her entire lifetime.

Chapter 9 10. Log in for more information. They are following Principle 7 which states.

Which of the following BEST describes a double indemnity provision in travel accident insurance. 1 day agoNew answers. If the claim is disputed in court and the insurer loses the face amount will.

C an option to convert provides that a term life insurance policy can be exchanged for a. The following best describes term life insurance. Which of the following statements best describes life insurance policy dividends.

A Neither the premium nor the death benefit is affected by the insureds age. Of the following which statement best describes a 10-year renewable term life insurance policy. The insured pays a premium for a specified number of years.

A term insurance policy and a whole life policy c. The insured pays a premium for a specified number of years. And if the accident insurance event occurs the insurance company will bear all or all of the costs in full or in part.

C It is level term insurance. A mutual fund and an endowment policy b. Which of the following best describes term life insurance.

The insured is covered during his or her entire lifetime. The insured is covered during his or her entire lifetime. Wayne and Sarah are trying to manage the risk they face in life a best as they can.

Which of the following best describes term life insurance. A flexible premium deposit fund and a monthly renewable term insurance policy. A A 10-year renewable term is a policy with a level premium and a corresponding decreasing face amount.

-best describes term life insurance. Annual renewable term insurance is a short-term life insurance product and may not be best suited for most situations. The amount an insured person must pay before making a claim against an insurance policy before an insurer will pay any compensation 1 point j.

A modified endowment policy and an annual term insurance policy d. Which of the following combinations best describe a universal life insurance policy. B Policy dividends affect the cost of virtually all insurance policies issued today.

A Policy dividends represent earnings to shareowners who hold stock in insurance companies. The insured can borrow or collect the cash value of the policy. The choice that best describes term life insurance is.

C Policy dividends are an intentional return of a portion of the premiums paid. The insured pays the premium until his or her death. B a 3-year renewable policy allows a term policyowner to increase coverage for the next 3 years.

The insured pays a premium for a specified number of years. TermPeter has a policy where 80 to 90 of the premium is. With a whole life policy the shorter the payment period the higher the annual premium.

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

Depending on the chosen program you can partially or completely protect yourself from unforeseen expenses. Which of the following best describes term life insurance. The insured is covered during his or her entire lifetime.

What does a 100000 20-year level term policy mean. Is a tool to reduce your risks. 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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