14 Which of the Following Best Describes Term Life Insurance

D It is level term insurance. A seller who wants to be excluded from paying capital gains tax on a principal residence will need to A make sure the adjusted sale price is not higher than the adjusted acquisition cost.

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In credit life insurance the creditor is the beneficiary for the amount of benefit equal to the outstanding balance of the loan.

. All of the following statements regarding term life insurance are correct EXCEPT. If the insured dies during the. It is level term insurance.

A flexible premium deposit fund and a monthly renewable term insurance policy. C an option to convert provides that a term life insurance policy can be exchanged for a. The insured can borrow or collect the cash value of the policy.

Which of the following best describes term life insurance. Log in for more information. Benefits are paid to the creditor.

The insured pays the premium until his or her death. The insured pays the premium until his or her death. Term life insurance allows you to save money and place it into other accounts that will grow.

Term Life Insurance. The insured pays the premium until his or her death. Dying before financial obligations have been met.

B make no more than 250000 in annual income if single. Which of the following best describes term life insurance is a tool to reduce your risks. Term insurance provides death benefit protection for a limited period of time.

The insured can borrow or collect the cash value of the policy. Which of the following best describes term life insurance. An increasing term benefit that matches the cumulative premiums paid b.

The cash value endows at age 100. Term insurance is paid over a short period of time such as 1 time a year for a short period of. 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 statements is NOT TRUE. The insured is covered during his or her entire lifetime. Depending on the chosen program you can partially or completely protect yourself from unforeseen expenses.

Once that period or term is up it is up to the policy owner. Depending on the chosen program you can partially or completely protect yourself from unforeseen expenses. 3 correct statements regarding credit life insurance.

An increasing term benefit that matches the cash value accumulation c. The insured pays the premium until his or her death. The insured is covered during his or her entire lifetime.

Life insurance can be Term or Whole Life. Added 4142012 54814 PM. The choice that best describes term life insurance is.

Which of the following best describes annually renewable term insurance. The insured pays a premium for a specified number of years. The insured pays a premium for a specified number of years.

This means that youll slowly. And these costs can be from 100 to several tens or. Which of the following best describes term life insurance.

The insured can borrow or collect the cash value of the policy. B a 3-year renewable policy allows a term policyowner to increase coverage for the next 3 years. A Refund the premiums paid.

The amount of insurance permissible is limited per borrower. The insured can borrow or collect the cash value of the policy. See the answer See the answer done loading.

And these costs can be from 100 to several tens or. A benefit similar to waiver of premium but is free of charge d. The insured pays a premium for a specified number of years.

Which of the following terms best describes the advertisement. 21- Which of the following best describes what life insurance is designed to protect against. A man decides to purchase a 100000 annually renewable term insurance life policy to provide additional protection until his children finished college he discovered that this policy.

Premiums are usually paid by the borrower. Which of the following best describes the return of premium rider. C live in the home two out of five years.

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. An insured committed suicide one year after his life insurance policy was issued.

A level term rider in the amount of 20 annual premiums. D It is also known as the pay-in period. It should be noted that coverage is also for a specified number of years.

Is the most basic form of life insurance. Probability of dying increasing as you grow older. This answer has been confirmed as correct and helpful.

Which of the following best describes term life insurance. C It is the period over which the annuitant makes payments into an annuity. Is a tool to reduce your risks.

B It is the period during which the annuity payments earn interest. The insured is covered during his or her entire lifetime. 14 hours agoWhich of the following best describes term life insurance.

Terms in this set 14 Term Life Insurance. Term life insurance is a form of insurance that is typically less expensive initially than whole life insurance and provides pure or temporary protection for a limited period of time. The insured pays a premium for a specified number of years.

Term life insurance provides temporary protection for a specified limited time that can be defined in years or by the age of the insured. A a 3-year renewable policy allows a term policyowner to renew the same coverage for another 3 years. The insured is covered during his or her entire lifetime.

Its financial health is terrible and the company will soon have to file bankruptcy. It provides an annually increasing death benefit. Which of the following best describes term life insurance.

The insured pays a premium for a specified number of years. A type of life insurance with a limited coverage period. Which of 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. The insured pays the premium until his or her death.

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