1 Which of the Following Best Describes Term Life Insurance

During the conversion period before an individual policy has become effective Kendra dies in an accident. A transaction where new life insurance is purchased and as part of the transaction existing life insurance is lapsed or surrendered is.

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Depending on the chosen program you can partially or completely protect yourself from unforeseen expenses.

. It is a level term insurance. A Neither the premium nor the death benefit is affected by the insureds age. Is a tool to reduce your risks.

Term life insurance may last from 1-30 years. Life term insurance is temporary life insurance that lasts for a specific period of time. Which of the following best describes what the annuity period is.

Neither the premium nor the death benefit is affected by the insureds age. 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 the statement that best describes term life insurance is that b.

This is great as you get to specify the exact amount of coverage you want and the length of time you most need it for. Term life insurance policies last 10 to 30 years and permanent policies last for life. The insured pays the premium until his or her death.

She separates from her employer decides to convert her policy to a 300000 whole life insurance policy. 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.

The insured pays a premium for a specified number of years. 3Term insurance can be bought as a stand-alone policy as well as a. 2All term insurance plans come with a built-in disability rider.

Which of the following best describes term life insuranceA. Which of the following best describes term life insurance. B It provides an annually increasing death benefit.

A a 3-year renewable policy allows a term policyowner to renew the same coverage for another 3 years. It provides annually increasing death benefit. 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. Which of the following best describes term life insurance. A Life Solicitation b Insurance Disclosure c Mandatory statement d Life insurance taxation.

On the other hand whole life insurance covers you for your entire life but will end up having a larger financial cost. The insured is covered during his or her entire lifetimeB. If the claim is disputed in court and the insurer loses the face amount will.

T he policy has to be renewed every year at a higher premium if you want to keep your coverage. The insured is covered during his or her entire lifetime. Expert answered capslock Points 14296.

- best describes term life insurance. Dying before financial obligations have been met. The right answer for the question that is being asked and shown above is that.

Which of the following BEST describes a double indemnity provision in travel accident insurance. At one time the cash value exceeded 100000 and was worth 150000. Depending on the chosen program you can partially or completely protect yourself from unforeseen expenses.

C It is level term insurance. C an option to convert provides that a term life insurance policy can be exchanged for a. Benefits are doubled under certain circumstances stated in the policy b.

Unlike answer 1 term life insurance policies can range anywhere from one to thirty years. Term life insurance has a set duration. See the answer See the answer done loading.

It requires proof of insurability on each renewal. Which of the below option is correct with regards to a term insurance plan. And if the accident insurance event occurs the insurance company will bear all or all of the costs in full or in part.

And these costs can be from 100 to several tens or. And these costs can be from 100 to several tens or. In the following year the cash value took a significant decline and was worth only 70000.

What term best describes this arrangement. All of the following statements regarding term life insurance are correct EXCEPT. Punineep and 74 more users found this answer helpful.

Kendra a 20-year employee of XYZ Enterprises receives an employee benefit term life insurance policy valued at 50000. What best describe life term insurance. Probability of dying increasing as you grow older.

21- Which of the following best describes what life insurance is designed to protect against. Log in for more information. Which of the following best describes term life insurance.

1Term insurance plans come with life-long renewability option. Which of the following best describes annually renewable term insurance. Which of the following is the best definition of the term annual health insurance deductible A deductible is one type of cost-sharing feature often included in a health insurance policy.

B a 3-year renewable policy allows a term policyowner to increase coverage for the next 3 years. The insured can borrow or collect the cash value of the policy. During this time the policy face amount was increased to 150000.

The insured pays a premium for a specified number of years. Annually renewable term is best for short-term life insurance needs because it eventually becomes. An insured receives an annual life insurance dividend check.

The insured pays the premium until his or her deathC. The insured pays a premium for a specified number of years. Renewable term life insurance works the same way but terms only last one year.

An insured has a variable life policy with a 100000 face amount.

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