19. Which of the Following Best Describes Term Life Insurance

The insured pays the premium until his or her death. B Policy dividends affect the cost of virtually all insurance policies issued today.

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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. Seldom used because of unfavorable tax treatment IV. The insured is covered during his or her entire lifetime.

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

The insured can borrow or collect the cash value of the policy. A term insurance only B a form of fixed face fixed premium whole life insurance C a whole life policy where the face amount may be changed at any time D providing more flexibility in paying premiums. The insured pays the premium until his or her death.

A a 3-year renewable policy allows a term policyowner to renew the same coverage for another 3 years. C It is level term insurance. It is level term insurance.

Which of the following best describes insurance and companies. Which of the following best describes term life insurance. Develop and support economic growth especially for the poor.

Transcend borders in pursuit of a common cause. C Whole life insurance is best when the insured desires temporary coverage because its cash values will refund nearly all premiums paid. Depending on the chosen program you can partially or completely protect yourself from unforeseen expenses.

A Policy dividends represent earnings to shareowners who hold stock in insurance companies. Life insurance can be Term or Whole Life. A Term life insurance is most suitable when the need for protection is permanent.

Low cost simple to administer and tax advantaged III. Term insurance is paid over a short period of time such as 1 time a year for a short period of. Which of the following best describes term life insurance is a tool to reduce your risks.

Added 1 minute 6 seconds ago4242022 53402 AM This answer has been confirmed as correct and helpful. 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 can borrow or collect the cash value of the policy.

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. And these costs can be from 100 to several tens or. Propose insurance policies to the public either by selling them directly to a person or through an employers benefit plan.

The insured can borrow or collect the cash value of the policy. C Policy dividends are an intentional return of a portion of the premiums paid. Which of the following best describes term life insurance.

Added 2 minutes 23 seconds ago4242022 53424 AM This answer has been confirmed as correct and helpful. -best describes term life insurance. Once that period or term is up it is up to the policy owner.

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

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. See the answer See the answer done loading. Manage withdrawals and deposits as well as supplying short-term.

Written for a specified time period. All of the following best describes Term Life Insurance EXCEPT. A type of life insurance with a limited coverage period.

Provides payment of face amount to designated beneficiary at death of insured II. Neither the premium nor the death benefit is affected by the insureds age. Depending on the chosen program you can partially or completely protect yourself from unforeseen expenses.

Probability of dying increasing as you grow older. Dying before financial obligations have been met. A universal life insurance policy ULI is considered to be.

The following best describes term life insurance. Which of the following describe a characteristic of group term life insurance coverage. All of the following statements regarding term life insurance are correct EXCEPT.

Added 1 minute 42 seconds ago4242022 51855 AM. C an option to convert provides that a term life insurance policy can be exchanged for a. B Decreasing term insurance is useful when the insureds debt is increasing at a steady predictable rate.

B a 3-year renewable policy allows a term policyowner to increase coverage for the next 3 years. Which of the following best describes annually renewable term insurance. It provides an annually increasing death benefit.

A Neither the premium nor the death benefit is affected by the insureds age. The insured is covered during his or her entire lifetime. Which of the following best describes annually renewable term insurance.

2 days agoA type of life insurance that guarantees payment of a stated death benefit if the covered person dies during a specified term. The insured pays a premium for a specified number of years. 21- Which of the following best describes what life insurance is designed to protect against.

It requires proof of insurability at each renewal. B It provides an annually increasing death benefit. Term Life Insurance.

And these costs can be from 100 to several tens or. Which of the following statements best describes life insurance policy dividends. The insured pays a premium for a specified number of years.

2 days agoThe following best describes term life insurance. The insured pays a premium for a specified number of years. Log in for more information.

The insured pays the premium until his or her death. Consists of individual contracts not a master group policy. The insured is covered during his or her entire lifetime.

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