6 Which of the Following Best Describes Term Life Insurance

Term life insurance is well suited for all the following needs EXCEPT. - best describes term life insurance.

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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. 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. With answer 4 a whole-life or universal life policy both offer a cash-value savings account that is tax deferred.

The insured pays a. B Neither the premium nor the death benefit is affected by the insureds age. See the answer See the answer done loading.

21- Which of the following best describes what life insurance is designed to protect against. And these costs can be from 100 to several tens or. A It requires proof of insurability at each renewal.

What is the maximum annual interest rate. Common terms for term life are 10 15 20 or. During this time the policy face amount was increased to 150000.

The insured can borrow or collect the cash value of the policy. Level term life insurance is exactly what the term implies. When a producer was reviewing a potential customers coverage written by another company the producer made several remarks that were maliciously critical of.

Term life insurance allows you to save money and place it into other accounts that will grow. The insured pays a premium for a specified number of years. Convertible 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. An insured has a variable life policy with a 100000 face amount. 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.

An insured receives an annual life insurance dividend check. 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. Expert answeredWalletroPoints 226968 User.

D It is level term insurance. 72 of Americans answered this question correctly. At one time the cash value exceeded 100000 and was worth 150000.

Which of the following best describes term life insuranceA. 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. A Universal Life Insurance policy is best described as.

Which of the following best describes term life insurance. Depending on the chosen program you can partially or completely protect yourself from unforeseen expenses. And if the accident insurance event occurs the insurance company will bear all or all of the costs in full or in part.

A Neither the premium nor the death benefit is affected by the insureds age. Log in for more information. Expert answered capslock Points 14296.

1 How satisfied an individual is with his. Which of the following best describes term life insurance. Term life insurance may last from 1-30 years.

Which of the following best describes annually renewable term insurance. The insured pays a premium for a specified number of years 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. Because it only offers protection for a limited time term life is best used for temporary needs that have a defined end-date. Convertible term life insurance is a type of term insurance that can be converted into.

This means that youll slowly. The insured is covered during his or her entire lifetimeB. Which of the following best describes term life insurance Weegy.

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

Which of the following best describes the difference between PURE LIFE and LIFE WITH GUARANTEED MINIMUM settlement. 13 hours agowhich of the following best describes term life insurance. Is a tool to reduce your risks.

C It provides an annually increasing death benefit. Dying before financial obligations have been met. An Annually Renewable Term policy with a cash value account.

Which of the following best describes annually renewable term insurance. The right answer for the question that is being asked and shown above is that. The beneficiary must have insurable interest in the insured.

What term best describes this arrangement. 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.

Which of the following best describes what the annuity period is. At the end of 20 years the policys cash value will equal 100000. Which of the following best describes term life insurance.

What is NOT true about beneficiary designations. Suppose that under your health insurance policy hospital expenses are subject to a 1000 deductible and. 1 How satisfied an individual is with his or her experiences while receiving care and 2 an individuals behavioral and lifestyle determinants of health.

Life term insurance is temporary life insurance that lasts for a specific period of time. In the following year the cash value took a significant decline and was worth only 70000. The insured is covered during his or her entire lifetime.

Probability of dying increasing as you grow older. Punineep and 74 more users found this answer helpful. C It is level term insurance.

Like other types of life insurance endowment contracts pay a death benefit at the insureds death. The insured pays a premium for a specified number of years the statement that best describes term life insurance is that b. Depending on the chosen program you can partially or completely protect yourself from unforeseen expenses.

A source of emergency cash for any financial need.

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