16 Which of the Following Best Describes Term Life Insurance

By Ra_Kaylyn552 11 May, 2022 Post a Comment

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.

Kff Covid 19 Vaccine Monitor In Their Own Words Six Months Later Kff

The insured pays a premium for a specified number of years.

. A mutual fund and an endowment policy b. The insured is covered during his or her entire lifetime. Term insurance is paid over a short period of time such as 1 time a.

The most popular form of term life insurance is level term. For example a 30-year policy with a 250000 payout can range from 15 per month for a person in their twenties to less than 60. Which of the following will be included in a policy summary.

The insured pays the premium until his or her death. 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 combinations best describe a universal life insurance policy. The insured is covered during his or her entire lifetime. A producer is helping a married couple.

William also performed a retirement needs analysis and developed an investment plan he believes will help Cole achieve his goals. The insured pays a premium for a specified number of years O C. It should be noted that coverage is also for a specified number of years.

The insured pays a premium for a specified number of years. Which of the following best describes term life insurance. Of the following which best describes Term Insurance.

Which of the following best describes term life insurance is a tool to reduce your risks. A nonparticipating whole life insurance policy was surrender for its 20000 cash value. The insured can borrow or collect the cash value of the policy.

A modified endowment policy and an annual term insurance policy d. The insured pays the premium until his or her death. Which of the following best describes annually renewable term insurance.

Endows at age 100 d. The insured is covered during his or her entire lifetime. See the answer See the answer done loading.

All of the following statements regarding term life insurance are correct EXCEPT. Level term insurance provides a level death benefit and charges a level premium for the duration of the coverage term. Temporary life insurance for a specific period of time.

Added 4142012 54814 PM. During the term of coverage neither the death benefit nor the premium change. Log in for more information.

Which of the following methods of calulating the face amount of life insurance needed takes into account the insureds wages years to retirement and inflation. A term insurance policy and a whole life policy c. Depending on the chosen program you can partially or completely protect yourself from unforeseen expenses.

The choice that best describes term life insurance is. Which of the following best describes term life insurance. Is a tool to reduce your risks.

Life insurance can be Term or Whole Life. This answer has been confirmed as correct and helpful. Probability of dying increasing as you grow older.

The insured is covered during his or her entire lifetime. What were the federal income tax consequences to the policy owner on receipt of the cash value. Which of the following best describes term life insurance.

Death benefit plus cash value c. A flexible premium deposit fund and a monthly renewable term insurance policy. William discussed Coles insurance coverage following a thorough review of Coles policies and recommended Cole purchase a disability policy and additional term life insurance through his employer.

The insured pays the premium until his or her death. The insured can borrow or collect the cash value of the policy. It is level term 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. Dying before financial obligations have been met. Which of the following best describes term life insurance.

It provides an annually increasing death benefit. Which of the following individuals must have insurable intrest in the insured. Medical exam is not usually required.

With answer 4 a whole-life or universal life policy both offer a cash-value savings account that is tax deferred. The total premium paid had totaled 16000. The insured can borrow or collect the cash value of the policy.

Depending on the chosen program you can partially or completely protect yourself from unforeseen expenses. This means that youll slowly accumulate money the longer you hold the account. And if the accident insurance event occurs the insurance company will bear all or all of the costs in full or in part.

A a 3-year renewable policy allows a term policyowner to renew the same coverage for another 3 years. Which of the following best describes term life insurance. The insured is covered during his or her entire lifetime.

However we still believe a term life insurance. The insured pays the premium until his or her death. The insured pays a premium for a specified number of years.

The insured pays the premium until his or her death. Which of the following best describes term life insurance. Premiums can range depending on the age and the amount of payout.

In this situation the policy owner would receive 16000 tax free and 4000 as ordinary income. And if the accident insurance event occurs the insurance company will bear all or all of the costs in full or in part. Neither the premium nor the death benefit is affected by the insureds age.

21- Which of the following best describes what life insurance is designed to protect against. The insured can borrow or collect the cash value of the policy.

Variable Life Vs Variable Universal What S The Difference