20 Which of the Following Best Describes Term Life Insurance

Is a tool to reduce your risks. Depending on the chosen program you can partially or completely protect yourself from.

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The insured can borrow or collect the cash value of the.

. Most life insurance policies last for several years during which you pay a premium to keep the coverage active and the policy pays out if you die during the active period. Which of the following statements best describes what will happen. 2 hours agoThe insured pays a premium for a specified number of years.

The insured pays the premium until his or her death. The insured pays the premium until his or her death. Log in for more information.

Which of the following best describes term life insurance. 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.

See the answer See the answer done loading. A Policy dividends represent earnings to shareowners who hold stock in insurance companies. She separates from her employer decides to convert her policy to a.

This means that youll slowly. Which of the following statements describing whole life insurance is CORRECT. An advantage of owning a flexible premium life insurance policy would be.

A policy will pay the death benefit if the insured dies during the 20-year-premium-paying period and nothing if death. The correct option is III. A The face amount of the policy gradually increases the longer the policy remains in force.

1 day agoWhich of the following best describes term life insurance. The insured pays a premium for a specified. 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. Term insurance does not have a savings element associated with it. Wayne and Sarah are trying to manage the risk they face in.

With WHOLE LIFE insurance the insured agrees to pay a specific premium each year until deathUser. -best describes term life insurance. Depending on the chosen program you can partially or completely protect yourself from.

Which of the following best describes term life insurance. Which of the following statements best describes life insurance policy dividends. 1 day agoA type of life insurance that guarantees payment of a stated death benefit if the covered person dies during a specified term.

The following best describes term life insurance. With answer 4 a whole-life or universal life policy both offer a cash-value savings account that is tax deferred. Chapter 9 10.

The insured pays a premium for a specified number of years. A Neither the premium nor the death benefit is affected by the insureds age. Air cannot be termed categorised as an asset.

B Neither the premium nor the death benefit is affected by the. 21- Which of the following best describes what life insurance is designed to protect against. The correct option is III.

Which of the following best describes term life insurance. When you purchase a term life insurance policy it will last for a specific term length usually from 5 10 15 20 and 30 years. Which of the following combinations best describe a universal life insurance policy.

E none of the above. The insured can borrow or collect the cash value of the policy. The insured pays a premium for a specified number of years.

Which of the following best describes annually renewable term insurance. A mutual fund and an endowment policy b. -best describes term life insurance.

B It provides an annually. Kendra a 20-year employee of XYZ Enterprises receives an employee benefit term life insurance policy valued at 50000. Which of the following best describes annually renewable term insurance.

A It requires proof of insurability at each renewal. Added 20 hours 56 minutes. At the end of this term period almost every.

Updated 2 minutes 4 seconds ago4142022 122500 PM. Probability of dying increasing as. A term insurance policy and a whole life policy c.

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