10. 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.

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

. 1 on a question. Kendra a 20-year employee of XYZ Enterprises receives an employee benefit term life insurance policy valued at 50000. All of the following best describes Term Life Insurance EXCEPT.

1 on a question. C an option to convert provides that a term life insurance policy can be exchanged for a. What does level decreasing and increasing refer to in term insurance.

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.

This means that youll slowly. It is level term insurance D. The insured pays the premium until his or her death.

A Term life insurance is most suitable when the need for protection is permanent. Added 7 minutes 2 seconds ago4142022 122500 PM. The insured pays a premium for a specified number of years.

The insured pays a premium for a specified number of years. Of the following which statement best describes a 10-year renewable term life insurance policy. The insured can borrow or collect the cash value of the policy.

The insured is covered during his or her entire lifetime. The choice that best describes term life insurance is. The insured pays a premium for a specified number of years.

B a 3-year renewable policy allows a term policyowner to increase coverage for the next 3 years. 1 hour agoThe following best describes term life insurance. 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. Expert answered mamarugz Points 218.

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

The insured can borrow or collect the cash value of the policy. Best describes term life insurance. A a 3-year renewable policy allows a term policyowner to renew the same coverage for another 3 years.

Added 4142012 54814 PM. C Whole life insurance is best when the insured desires temporary coverage because its cash values will refund nearly all premiums paid. Which of the following best describes term life insurance.

During the conversion period before an individual policy has become effective Kendra dies in an accident. This answer has been confirmed as correct and helpful. Which of the following best describes term life insurance.

The insured is covered during his or her entire lifetime. 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. Term life insurance allows you to save money and place it into other accounts that will grow.

The insured is covered during his or her entire lifetime. It should be noted that coverage is also for a specified number of years. The insured is covered during his or her entire lifetime.

With answer 4 a whole-life or universal life policy both offer a cash-value savings account that is tax deferred. The insured can borrow or collect the cash value of the policy. The insured pays the premium until his or her death.

The insured pays a premium for a specified number of years. Which of the following best describes annually renewable term insurance. Log in for more information.

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. The insured can borrow or collect the cash value of the policy. Neither the premium nor the death benefit is affected by the insureds age B.

The insured pays a premium for a specified number of years. B It provides an annually increasing death benefit. The insured pays a premium for a specified number of years.

The insured can borrow or collect the cash value of the policy. A A 10-year renewable term is a policy with a level premium and a corresponding decreasing face amount. B Decreasing term insurance is useful when the insureds debt is increasing at a steady predictable rate.

The insured can borrow or collect the cash value of the policy. C It is level term insurance. Log in for more information.

All of the following statements regarding term life insurance are correct EXCEPT. The insured pays the premium until his or her death. It provides an annually increasing death benefit C.

Written for a specified time period. The insured pays a premium for a specified number of years. The insured is covered during his or her entire lifetime.

What does a 100000 20-year level term policy mean. She separates from her employer decides to convert her policy to a 300000 whole life insurance policy. Which of the following best describes term life insurance.

Which of the following best describes annually renewable term insurance. The insured pays a premium for a specified number of years. Which of the following best describes term life insurance.

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

Which of the following best describes term life insurance.

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