Which of the Following Best Describes 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.
Which Of The Following Best Describes Term Life Insurance Term Life Insurance Term Life Permanent Life Insurance
The insured can borrow or collect the cash value of the policy.
. The insured is covered during his or her entire lifetime. Term life insurance is well suited for all the following needs EXCEPT. Which of the following combinations best describe a universal life insurance policy.
Annual renewable term insurance ART is a type of term life insurance that lasts for a set period of time. In a renewable term life insurance policy the contract will usually. Term life insurance is a type of insurance that provides coverage for a predetermined length of time.
What statement best describes the term insurance. The insured can borrow or collect the cash value of the policy. Describe any progre Q.
21- Which of the following best describes what life insurance is designed to protect against. 1 answerThe following best describes term life insurance. A A mutual fund and an endowment policy b A term insurance policy and a whole life policy c A modified endowment policy and an annual term insurance policy d A flexible premium deposit fund and a monthly renewable term 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. Term life insurance is for a specific period of time. The insured pays a premium for a specified number of years the best description of term life insurance is that b.
The insured is covered during his or her entire lifetime. Which statement best describes the term insuranceSOLUTION. The cash value increases as interest is earned on the premiums which grows tax-deferred.
And if the accident insurance event occurs the insurance company will bear all or all of the costs in full or in part. The insured pays a premium for a specified number of years. The insured pays the premium until his or her death.
The insured pays a premium for a specified number of years. Which of the following best describes term life insurance. 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. The insured pays a premium for a specified number of years. An insured purchased a health insurance policy with a renewability clause that states the policy is guaranteed renewable this means that as.
Which of the following best describes term life insurance brainly. And these costs can be from 100 to several tens or. It is designed to protect the insured against the risk of death by providing cash value for their dependents.
3 Term life insurance provides protection against financial risk by providing continuous protection for specified time periods. Which of the following best describes term. 21- Which of the following best describes what life insurance is designed to protect against.
Which of the following best describes term life insurance. Which of the following combinations best describe a universal life insurance policy. See the answer See the answer done loading.
The insured can borrow or collect the cash value of the policy. Which of the following statements best describes how cash value in a life insurance policy is taxed. C Income is guaranteed for the life of the beneficiary.
Whole life insurance on the other hand covers you for the rest of your life but comes at a. The insured can borrow or collect the cash value of the policy. Which of the following best describes the coverage that he would receive.
1 Term life insurance is a form of insurance that provides a predetermined amount of coverage for a specific period of time. Depending on the chosen program you can partially or completely protect yourself from unforeseen expenses. The insured pays a premium for a specified number of years.
Which of the following best describes term life insurance. It does not cover any medical or financial risks after the term ends. Because it only offers protection for a limited time term life is best used for temporary needs that have a defined end-date.
Temporary protection renewability no cash value. How term life insurance works. Jan 28 2019 Term life insurance is a simple affordable type of life insurance policy that covers you for a set period of time called the term which 5.
Dying before financial obligations have been met. Term life insurance coverage unlike answer 1 can last anywhere from one to thirty years. You are the new education coordinator for your facility and you have been tasked with writing an article for an industry.
2 Life insurance is a type of liability coverage that pays a death benefit if the insured person dies during the policys term. D It is level term insurance. In whole life insurance policies premiums build cash value.
Answering questions also helps you learn. 1 day agoThe following best describes term life insurance. Which of the following best describes term life insurance.
Probability of dying increasing as you grow older. The insured is covered during his or her entire lifetime. Best describes term life insurance.
Is a tool to reduce your risks. Which of the following best describes fixed-period settlement option. Term life insurance is a type of life insurance policy that offers a specified period of coverage.
A fixed term lease is terminated. High Cost of Care Participate in the Online Discussion - Choose one 1 of the following topics and describe its role in Q. A Only the principal amount will be paid out within a specified period of time.
Units costs beginning work in process inventory 2500 beginning. Log in for more information. All of the following best describes Term Life Insurance EXCEPT.
Which of the following terms best describes a life insurance policy that provides a straight 100000 of coverage for a period of 5 years. B The death benefit must be paid out in a lump sum within a certain time period. The policyholder no longer has to worry about paying for financial losses resulting from an The insured is covered during his or her entire lifetime.
This means that youll slowly. C owners of both term and whole life insurance are entitled to the cash surrender value when a policy is lapsed or surrendered. 21- Which of the following best describes what life insurance is designed to protect against.
The insured pays the premium until his or her death. This is fantastic because it allows you to specify the exact amount of coverage you require as well as the time frame for which you require it. A source of emergency cash for any financial need.
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