6 Which of the Following Best Describes Term Life Insurance

Which of the following best describes term life insurance. 1 day agowhich of the following best describes term life insurance.

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Term insurance is a type of life insurance policy that provides coverage for a certain period of time or a specified term of years.

. Depending on the chosen program you can partially or completely protect yourself from unforeseen expenses. The death benefit remains level but the premium increases each year with the insureds attained age. Written for a specified time period.

Which of the following best describes term life insurance is a tool to reduce your risks. The insured pays a premium for a specified number of years. The insured pays the premium until his or her death.

Dying before financial obligations have been met. A Neither the premium nor the death benefit is affected by the insureds age. Which of 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. C It is level term insurance.

With answer 4 a whole-life or universal life policy both offer a cash-value savings account that is tax deferred. The insured is covered during his or her entire lifetimeB. The insured pays a premium for a specified number of years the statement that best describes term life insurance is that b.

The right answer for the question that is being asked and shown above is that. The insured pays a premium for a specified number of years. In decreasing policies while the face amount decreases the premium remains constant throughout the life of the contracts.

See the answer See the answer done loading. Which of the following best describes annually renewable term insurance. Log in for more information.

Which of the following BEST describes a double indemnity provision in travel accident insurance. It is life insurance for specific term which can be anywhere from 5 to 30 years that is level with respect to both the death benefit and the annual premiums. Continued protection in old age.

Term Life Insurance. The insured pays a premium for a specified number of years. The insured pays a premium for a specified number of years.

And these costs can be from 100 to several tens or. Level term life insurance is exactly what the term implies. The insured can borrow or collect the cash value of the policy.

21- Which of the following best describes what life insurance is designed to protect against. If the insured dies during the time period specified in the. Expert answered capslock Points 14296.

This means that youll slowly. Probability of dying increasing as you grow older. Convertible term life insurance is a type of term insurance that can be converted into whole life insurance.

B It provides an annually increasing death benefit. Which of the following best describes term life insuranceA. Convertible Term Life Insurance.

Life insurance can be Term or Whole Life. And if the accident insurance event occurs the insurance company will bear all or all of the costs in full or in part. Term life insurance is a simple affordable type of life insurance policy that covers you for a set period of time called the term which typically comes in 10 15 20 or 30-year options.

Which of the following best describes term life insurance. The insured pays the premium until his or her death. The insured pays the premium until his or her deathC.

D Annually Renewable Term Annually Renewable Term is the purest form of term insurance. A type of life insurance with a limited coverage period. Once that period or term is up it is up to the policy owner.

What is the maximum annual interest rate. At the end of 20 years the policys cash value will equal 100000. All of the following best describes Term Life Insurance EXCEPT.

In life policies issued in this state insurers are permitted to charge interest during the policy grace period for the number of days elapsing before the premium is paid. Term life insurance allows you to save money and place it into other accounts that will grow. If you were to die during the term your beneficiaries receive a policy payout in the amount of coverage you have chosen.

The highest level of savings for the insured within a specified term of years. The insured can borrow or collect the cash value of the policy. Protection for the life of the policyholder.

The insured pays a premium for a specified number of years. - best describes term life insurance. If the claim is disputed in court and the insurer loses the face amount will.

The insured is covered during his or her entire lifetime. Is a tool to reduce your risks. Term insurance is paid over a short period of time such as 1 time a year for a short period of.

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. And if the accident insurance event occurs the insurance company will bear all or all of the costs in full or in part.

Protection with premiums payable for life and a low level of savings as an alternative to. How term life insurance works. Benefits are doubled under certain circumstances stated in the policy b.

Punineep and 74 more users found this answer helpful. The insured is covered during his or her entire lifetime. The insured pays a.

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