6 Which of the Following Best Describes Term Life Insurance

- best describes term life insurance. An insured has a variable life policy with a 100000 face amount.

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. Level term life insurance is exactly what the term implies. 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. Because it only offers protection for a limited time term life is best used for temporary needs that have a defined end-date.

And if the accident insurance event occurs the insurance company will bear all or all of the costs in full or in part. 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 best describes annually renewable term insurance.

Which of the following best describes what the annuity period is. Which of the following best describes term life insurance is a tool to reduce your risks. 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 premium for a specified number of years. 1 How satisfied an individual is with his. The insured pays a premium for a specified number of years best describes term life insurance.

1 How satisfied an individual is with his or her experiences while receiving care and 2 an individuals behavioral and lifestyle determinants of health. B Neither the premium nor the death benefit is affected by the insureds age. Which of the following statements best describes life insurance policy dividends.

The right answer for the question that is being asked and shown above is that. The insured pays a premium for a specified number of years the statement that best describes term life insurance is that b. A Neither the premium nor the death benefit is affected by the insureds age.

And if the accident insurance event occurs the insurance company will bear all or all of the costs in full or in part. Life term insurance is temporary life insurance that lasts for a specific period of time. When a producer was reviewing a potential customers coverage written by another company the producer made several remarks that were maliciously critical of.

The insured pays a premium for a specified number of years. Term life insurance is well suited for all the following needs EXCEPT. 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.

Which of the following best describes term life insuranceA. 23 hours agowhich of the following best describes term life insurance. Which of the following best describes term life insurance Weegy.

The insured pays a. C Policy dividends are an intentional return of a portion of the premiums paid. Probability of dying increasing as you grow older.

Which of the following best describes term life insurance. Depending on the chosen program you can partially or completely protect yourself from unforeseen expenses. 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.

Term life insurance may last from 1-30 years. C It provides an annually increasing death benefit. What is the maximum annual interest rate.

See the answer See the answer done loading. Which of the following best describes term life insurance. Which of the following best describes annually renewable term insurance.

Which of the following best describes term life insurance. Punineep and 74 more users found this answer helpful. Convertible Term Life Insurance.

The insured pays a premium for a specified number of years. A source of emergency cash for any financial need. Common terms for term life are 10 15 20 or.

The insured pays the premium until his or her death. The highest level of savings for the insured within a specified term of years. An insured receives an annual life insurance dividend check.

In the following year the cash value took a significant decline and was worth only 70000. Convertible term life insurance is a type of term insurance that can be converted into whole life insurance. B Policy dividends affect the cost of virtually all insurance policies issued today.

A Policy dividends represent earnings to shareowners who hold stock in insurance companies. The insured is covered during his or her entire lifetime. D It is level term insurance.

A It requires proof of insurability at each renewal. You get sick and are hospitalized for 4. Continued protection in old age.

Protection with premiums payable for life and a low level of savings as an alternative to. This means that youll slowly. Term life insurance allows you to save money and place it into other accounts that will grow.

Depending on the chosen program you can partially or completely protect yourself from unforeseen expenses. At the end of 20 years the policys cash value will equal 100000. The insured pays a premium for a specified number of years.

During this time the policy face amount was increased to 150000. C It is level term insurance. 21- Which of the following best describes what life insurance is designed to protect against.

At one time the cash value exceeded 100000 and was worth 150000. Protection for the life of the policyholder. Is a tool to reduce your risks.

Dying before financial obligations have been met. The insured can borrow or collect the cash value of the policy. The insured pays the premium until his or her deathC.

The insured is covered during his or her entire lifetimeB. Suppose that under your health insurance policy hospital expenses are subject to a 1000 deductible and 250 per day copay. Expert answeredWalletroPoints 226968 User.

Like other types of life insurance endowment contracts pay a death benefit at the insureds death. Expert answered capslock Points 14296. B It provides an annually increasing death benefit.

Life insurance is a type of liability. 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. And these costs can be from 100 to several tens or.

What term best describes this arrangement.

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