6. Which of the Following Best Describes Term Life Insurance

Which of the following best describes term life insurance. 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.

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C Policy dividends are an intentional return of a portion of the premiums paid.

. 1 on a question. 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.

And if the accident insurance event occurs the insurance company will bear all or all of the costs in full or in part. Is a tool to reduce your risks. Benefits are doubled under certain circumstances stated in the policy b.

The insured pays a. If the claim is disputed in court and the insurer loses the face amount will. It should be noted that coverage is also for a specified number of years.

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

A Permanent level B Whole term C Level term D Variable term. Which of the following BEST describes a double indemnity provision in travel accident insurance. Added 4142012 54814 PM.

The choice that best describes term life insurance is. Depending on the chosen program you can partially or completely protect yourself from unforeseen expenses. Expert answered Walletro Points 226968 User.

Which of the following best describes an Annual Renewable Term Policy. 1 How satisfied an individual is with his or her experiences while receiving care and 2 an individuals behavioral and. Log in for more information.

And these costs can be from 100 to several tens or. 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 is covered during his or her entire lifetime.

A Policy dividends represent earnings to shareowners who hold stock in insurance companies. This answer has been confirmed as correct and helpful. A policy with a level death benefit but with increased premium at each renewal.

The right answer for the question that is being asked and shown above is that. Which of the following best describes term life insuranceA. The insured can borrow or collect the cash value of the policy.

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. Which of the following best describes annually renewable term insurance. There would be a total of 12 4 x.

Which of the following best describes Participating Life Insurance policies. 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. B Policy dividends affect the cost of virtually all insurance policies issued today.

Which of the following term life insurance policies would have the lowest 1st-year annual premium all. Which of the following best describes term life insurance. The insured pays the premium until his or her deathC.

And these costs can be from 100 to several tens or. Allow variation in the wording of certain provisions b. Provide for the distribution of dividends to the policy owner c.

The insured pays a premium for a specified number of years the statement that best describes term life insurance is that b. A It requires proof of insurability at each renewal. B Neither the premium nor the death benefit is affected by the insureds age.

Each partners ownership share equals 450000 thus each partner would own a 150000 policy on the life of each of the other three partners under a Cross Purchase Plan 3 x 150000 450000. Which of the following best describes term life insurance is a tool to reduce your risks. D It is level term insurance.

Which of the following best describes term life insurance. C It is level term insurance. Permit beneficiaries to exercise certain ownership rights during the lifetime of the insured.

A Neither the premium nor the death benefit is affected by the insureds age. What is the maximum annual interest rate. The insured can borrow or collect the cash value of the policy.

Suppose that under your health insurance policy hospital expenses are subject to a 1000 deductible and. B It provides an annually increasing death benefit. Which of the following best describes the two ways in which the term quality of life is used in the field of health services administration.

The insured pays the premium until his or her death. Written for a specified time period. The insured pays a premium for a specified number of years.

The insured pays a premium for a specified number of years. Develop profit which must be paid to stockholders d. All of the following best describes Term Life Insurance EXCEPT.

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

C It provides an annually increasing death benefit. The insured is covered during his or her entire lifetimeB. 72 of Americans answered this question correctly.

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. Which of the following best describes annually renewable term insurance.

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