Which of the Following Best Describes Life Insurance
A whole life policy is surrendered for a reduced-paid up policy. The insured pays a premium for a specified number of years.
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21- Which of the following best describes what life insurance is designed to protect against.
. High Cost of Care Participate in the Online Discussion - Choose one 1 of the following topics and describe its role in Q. A Only the principal amount will be paid out within a specified period of time. Which of the following best describes term life insurance.
Which of the following terms best describes a life insurance policy that provides a straight 100000 of coverage for a period of 5 years. This means that youll slowly. It does not cover any medical or financial risks after the term ends.
Probability of dying increasing as you grow older. With answer 4 a whole-life or universal life policy both offer a cash-value savings account that is tax deferred. A universal life insurance policy ULI is considered to be.
Units costs beginning work in process inventory 2500 beginning. Term life insurance is a type of insurance that provides coverage for a predetermined length of time. All of the following best describes Term Life Insurance EXCEPT.
The cash value in the new policy will. D It is level term insurance. The insured is covered during his or her entire lifetime.
Log in for more information. Which of the following combinations best describe a universal life insurance policy. Which of the following best describes fixed-period settlement option.
Term life insurance is well suited for all the following needs EXCEPT. You are the new education coordinator for your facility and you have been tasked with writing an article for an industry. 21- Which of the following best describes what life insurance is designed to protect against.
Which statement best describes the term insuranceSOLUTION. Expert answered capslock Points 14296. Describe any progre Q.
A source of emergency cash for any financial need. Best describes term life insurance. Added 130 days ago11302021 32324 PM.
It is designed to protect the insured against the risk of death by providing cash value for their dependents. Which of the following best describes terms of life insurance The following best describes term life insurance. The insured pays a premium for a specified number of years.
1 Term life insurance is a form of insurance that provides a predetermined amount of coverage for a specific period of time. B The death benefit must be paid out in a lump sum within a certain time period. How term life insurance works.
What statement best describes the term insurance. The insured pays the premium until his or her death. The insured can borrow or collect the cash value of the policy.
See the answer See the answer done loading. 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. In whole life insurance policies premiums build cash value.
The insured pays a premium for a specified number of years the best description of term life insurance is that b. The insured pays the premium until his or her death. Which of the following best describes term life insurance.
You also have the freedom to pick if you want lengthier coverage such as 10 to 20 years or even 25 to 30 yearswhatever you choose. Nonprofit trade organization that supplies insurability information to. Which of the following best describes the MIB.
C owners of both term and whole life insurance are entitled to the cash surrender value when a policy is lapsed or surrendered. The insured can borrow or collect the cash value of the policy. Which of the following best describes term life insurance.
The cash value increases as interest is earned on the premiums which grows tax-deferred. Term life insurance allows you to save money and place it into other accounts that will grow. Which of the following 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. The insured pays the premium until his or her death. The insured pays a premium for a specified number of years.
You can choose the period of coverage with this type of life insurance. C Income is guaranteed for the life of the beneficiary. Which of the following best describes a life insurance policy in which the proposed insured is not required to undergo a medical examination.
Term life insurance is a type of life insurance policy that offers a specified period of coverage. Which of the following best describes term life insurance. Log in for more information.
In a variable life insurance policy all of the following assests are healf in the insurance company general account except. Depending on the chosen program you can partially or completely protect yourself from unforeseen expenses. Dying before financial obligations have been met.
The insured pays a premium for a specified number of years. Protective Life and Banner Life for example. 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 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.
Log in for more information. The insured can borrow or collect the cash value of the policy. Annual renewable term insurance ART is a type of term life insurance that lasts for a set period of time.
Which of the following best describes term life insurance. 2 Life insurance is a type of liability coverage that pays a death benefit if the insured person dies during the policys term. Typically it starts at five years.
Because it only offers protection for a limited time term life is best used for temporary needs that have a defined end-date. It provides the highest monthly benefits. Which of the following statements best describes how cash value in a life insurance policy is taxed.
The insured pays a premium for a specified number of years best describes the term life insurance. 21- Which of the following best describes what life insurance is designed to protect against. Which of the following best describes pure life annuity.
Get an answer. Is a tool to reduce your risks. - best describes term life insurance.
3 Term life insurance provides protection against financial risk by providing continuous protection for specified time periods. The insured is covered during his or her entire lifetime.
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