12 Which of the Following Best Describes Term Life Insurance

By Vi_Amaya694 18 May, 2022 Post a Comment

Ad A Life Insurance Policy You Can Trust At A Price That Works For You. Under a policys facility of payment provision what does an insurer do with the death benefit.

Test Bank For Medical Surgical 7th Edition By Linton In 2022 Medical Surgical Nursing Surgical Nursing Nursing Process

See the answer See the answer done loading.

. The insured is covered during his or her entire lifetime. 14 hours agoWhich of the following best describes term life insurance. Which of the following best describes term life insurance is a tool to reduce your risks.

Because it only offers protection for a limited time term life is best used for temporary needs that have a defined end-date. Which of the following best describes annually renewable term insurance. Is a tool to reduce your risks.

A Shorten the premium paying period. 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.

D It is level term insurance. An agent has to act in the best interests of insureds applicants and insurers. Term insurance is paid over a short period of time such as 1 time a year for a short period of.

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

Its financial health is terrible and the company will soon have to file bankruptcy. Which of the following best describes annually renewable term insurance. Neither the premium nor the death benefit is affected by the insureds age.

The insured can borrow or collect the cash value of the policy. Like other types of life insurance endowment contracts pay a death benefit at the insureds death. The insured pays the premium until his or her death.

Term life insurance is typically sold in lengths of one five 10 15 20 25 or 30 years. At one time the cash value exceeded 100000 and was worth 150000. An insured has a variable life policy with a 100000 face amount.

Term life insurance allows you to save money and place it into other accounts that will grow. A flexible premium deposit fund and a monthly renewable term insurance policy. Term insurance is a type of life insurance policy that provides coverage for a certain period of time or a specified term of years.

C It is level term insurance. You get sick and are hospitalized for 4. 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. In the following year the cash value took a significant decline and was worth only 70000. Term life insurance also known as pure life insurance is a type of life insurance that guarantees payment of a stated death benefit if the covered person dies during a.

Which of the following best describes an agents responsibilities. Which of the following best describes term life insurance. This means that youll slowly accumulate money the longer you hold the account.

An adjustable life policy allows the policyowner to do any of the following EXCEPT. All of the following statements regarding term life insurance are correct EXCEPT. This is the best answer based on feedback and ratings.

And these costs can be from 100 to several tens or. A a 3-year renewable policy allows a term policyowner to renew the same coverage for another 3 years. During this time the policy face amount was increased to 150000.

According to the California Insurance Code any person legally capable of making an insurance policy is considered. Depending on the chosen program you can partially or completely protect yourself from unforeseen expenses. C an option to convert provides that a term life insurance policy can be exchanged for a.

A Neither the premium nor the death benefit is affected by the insureds age. How it works. It is level term insurance.

B It provides an annually increasing death benefit. However we still believe a term life insurance. 12c 100000 to Jack and 50000 each to Mimi and Ann 13c cash value.

If the insured dies during the time period specified in a term. A source of emergency cash for any financial need. 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. With answer 4 a whole-life or universal life policy both offer a cash-value savings account that is tax deferred. Suppose that under your health insurance policy hospital expenses are subject to a 1000 deductible and 250 per day copay.

The insured pays the premium until his or her death. Which of the following best describes term life insurance. Term life insurance is well suited for all the following needs EXCEPT.

Life insurance can be Term or Whole Life. It provides an annually increasing death benefit. Dying before financial obligations have been met.

Which of the following best describes term life insurance. Depending on the chosen program you can partially or completely protect yourself from unforeseen expenses. 15b Gabe should buy a long-term care policy with a long elimination period lifetime benefits and a COLA.

Which of the following terms best describes the advertisement. And these costs can be from 100 to several tens or. A man decides to purchase a 100000 annually renewable term insurance life policy to provide additional protection until his children finished college he discovered that this policy.

14c permanent continuation of group health insurance. Whole life on the primary insured and term life insurance coverage on the spouse and each child to age 21. Coverage amounts vary depending on.

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. Which of the following statements about nonforfeiture options found in life insurance policies is trueA Under the reduced paid-up option the paid-up policy is term insuranceB Under the extended term option the amount of term insurance is less than the face value of the surrendered cash value policyC Under the reduced paid-up option no additional premiums must be paidD.

Life Insurance Companies Offers The Best Life Insurance Policy In India Check Out Various Life Insu Life Insurance Companies Life Insurance Policy How To Plan