14 Which of the Following Best Describes Term Life Insurance

C an option to convert provides that a term life insurance policy can be exchanged for a. All of the following statements regarding term life insurance are correct EXCEPT.

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During this time the policy face amount was increased to 150000.

. A single mother wants to make sure that if she becomes disabled she and her child would be protected financially. In reality its financial health is terrible and the company will soon have to file bankruptcy. When an insurance agency published an advertising brochure it emphasized the companys financial stability and sound business practices.

The insured pays a premium for a specified number of years. In the following year the cash value took a significant decline and was worth only 70000. Like other types of life insurance endowment contracts pay a death benefit at the insureds death.

Life term insurance is temporary life insurance that lasts for a specific period of time. This means that youll slowly. Which of the following best describes term life insurance.

B It provides an annually increasing death benefit. Which best describes the purpose of advertising. A type of life insurance that guarantees payment of a stated death benefit if the covered person dies during a specified term.

Some life insurance companies go out of business before you die. 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 annually renewable term insurance.

In NY Haven Term is DTC-NY 1017. If the claim is disputed in court and the insurer loses the face amount will. Once that period or term is up it is up to the policy owner.

A type of life insurance with a limited coverage period. Buena Terra Corporation is reviewing its capital budget for the upcoming year. It is level term insurance.

In CA Haven Term is DTC-CA 042017. It provides an annually increasing death benefit. Depending on the chosen program you can partially or completely protect yourself from unforeseen expenses.

The insured pays the premium until his or her death. And these costs can be from 100 to several tens or. Which of the following best describes annually renewable term insurance.

As a result the agent inadvertently misrepresents the policy making it more attractive than it really is. Which is a way that the media influences consumer behavior. -best describes term life insurance.

Which of the following terms best describes the advertisement. An insured receives an annual life insurance dividend check. Common terms for term life are 10 15 20 or.

B a 3-year renewable policy allows a term policyowner to increase coverage for the next 3 years. The insured pays a premium for a specified number of years. Is a tool to reduce your risks.

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. Dying before financial obligations have been met.

It has paid a 300 dividend per share DPS for the past several years and its shareholders expect the dividend to remain constant for the next several years. And if the accident insurance event occurs the insurance company will bear all or all of the costs in full or in part. C It is level term insurance.

Which best explains why some people get life insurance and others dont. Which of the following best describes term life insurance. Probability of dying increasing as you grow older.

A source of emergency cash for any financial need. Depending on the chosen program you can partially or completely protect yourself from unforeseen expenses. Which of the following best describes term life insurance.

Term life insurance may last from 1-30 years. Benefits are doubled under certain circumstances stated in the policy b. Term Life Insurance.

Haven Term is a Term Life Insurance Policy DTC and ICC17DTC in certain states including NC issued by Massachusetts Mutual Life Insurance Company MassMutual Springfield MA 01111-0001 and offered exclusively through Haven Life Insurance Agency LLC. The insured is covered during his or her entire lifetime. 21- Which of the following best describes what life insurance is designed to protect against.

WHich of the following insurance plans would best suit her needs. A Neither the premium nor the death benefit is affected by the insureds age. Because it only offers protection for a limited time term life is best used for temporary needs that have a defined end-date.

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. An agent explains the details of a life insurance policy to a client.

What best describes this situation. The companys target capital structure is 60 equity and 40 debt it has 1000000 shares of common. Life insurance can be Term or Whole Life.

Which of the following best describes term life insurance. Neither the premium nor the death benefit is affected by the insureds age. What term best describes this arrangement.

The insured can borrow or collect the cash value of the policy. Which of the following BEST describes a double indemnity provision in travel accident insurance. The insured pays the premium until his or her death.

The insured can borrow or collect the cash value of the policy. It requires proof of insurability at each renewal. Term insurance is paid over a short period of time such as 1 time a year for a short period of.

See the answer See the answer done loading. The agent does not realize however that the state has recently rewritten two of the provisions. An insured has a variable life policy with a 100000 face amount.

The insured is covered during his or her entire lifetime. At one time the cash value exceeded 100000 and was worth 150000. And if the accident insurance event occurs the insurance company will bear all or all of the costs in full or in part.

Term life insurance is well suited for all the following needs EXCEPT.

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