10. Which of the Following Best Describes Term Life Insurance

Its premium steadily decreases over time in. The insured pays a premium for a specified number of years.

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

D It is also known as the pay-in period.

. And if the accident insurance event occurs the insurance company will bear all or all of the costs in full or in part. And if the accident insurance event occurs the insurance company will bear all or all of the costs in full or in part. Which of the following best describes term life insurance.

Which of the following best describes term life insurance. The policy automatically converts to whole life after the 10-year period The face amount will remain constant and the premium will increase over the 10-year period The premium will remain constant and the face amount will increase over the 10-year. The insured pays a premium for a specified number of years.

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 the premium until his or her death. The insured is hospitalized for an injury that requires surgery.

The insured pays a premium for a specified number of years. The insured can borrow or collect the cash value of the policy. The insured is covered during his or her entire lifetime.

The insured pays the premium until his or her death. Which of these statements is true. 700 for the surgical procedure.

One of the more commonly asked questions we get here at Low Cost Life Insurance is which of the following best describes term life insurance The insured is covered during his or her entire lifetime. 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.

Premiums are fixed for the first 5 years. Evidence of insurability is. The insured pays a premium for a specified number of years.

All of the following statements about term insurance are correct EXCEPT. The insured pays the premium until his or her death. Which of the following best describes term life insurance.

And these costs can be from 100 to several tens or. Which of the following best describes term life insurance. An insured committed suicide one year after his life insurance policy was issued.

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. Krissa purchases a 10-year level term life insurance policy that has a death benefit of 200000.

The surgical procedure has been assigned 550 by the policy though the customary charge in the area is 650. The health insurance premiums paid for each partner in a partnership is considered to be. The insured pays a premium for a specified number of years.

A it pays a benefit only if the insured dies during a specified period B level decreasing. An advantage of owning a flexible premium life insurance policy would be. A Term life insurance is most suitable when the need for protection is permanent.

The insured can borrow or collect the cash value of the policy. 80 per day for four days hospital charge. It has the lowest annual premium of the three types of Whole Life Policies.

And these costs can be from 100 to several tens or. The policy owner can make policy changes without difficulty. A Refund the premiums paid.

The insured is covered during his or her entire lifetime. It should be noted that coverage is also for a specified number of years. B It is the period during which the annuity payments earn interest.

Which of the following best describes term life insurance. The face value of the policy is paid to the insured at age 100. Depending on the chosen program you can partially or completely protect yourself from unforeseen expenses.

The insured is covered during his or her entire lifetime. The insured is covered during his or her entire lifetime. The insured pays the premium until his or her death.

The insured incurs the following covered expenses. It usually develops cash value by the end of the third policy year. 800 for miscellaneous expenses.

Added 4142012 54814 PM. Expert answered mamarugz Points 218. Log in for more information.

The insured is covered during his or her entire lifetime. Which of the following best describes annually renewable term insurance is a tool to reduce your risks. C It is the period over which the annuitant makes payments into an annuity.

The insured can borrow or collect the cash value of the policy. B Decreasing term insurance is useful when the insureds debt is increasing at a steady predictable rate. A Permanent level B Whole term.

The insured can borrow or collect the cash value of the policy. Which of the following best describes annually renewable term insurance It is a level term insurance It requires proof of insurability at each renewal Neither the premium nor the death benefit is affected by the insureds age It provides annually increasing death benefit Which of tire following statements is true regarding the cash. The insured can borrow or collect the cash value of the policy.

The insured can borrow or collect the cash value of the policy. Depending on the chosen program you can partially or completely protect yourself from unforeseen expenses. C Whole life insurance is best when the insured desires temporary coverage because its cash values will refund nearly all premiums paid.

Is a tool to reduce your risks. The insured pays the premium until his or her death. The insured pays a premium for a specified number of years.

Best describes term life insurance. The insured is covered during his or her entire lifetime. 1 on a question.

Which of the following best describes term life insurance is a tool to reduce your risks. Accident and health insurance claim handling is. The insured pays the premium until his or her death.

The insurer can make policy charges without difficulty. Which of the following best describes term life insurance. The choice that best describes term life insurance is.

The insured pays a premium for a specified number of years.

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