The insured can borrow or collect the cash value of the policy. Is a tool to reduce your risks.
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Dec 25 2020 2 answersI believe the answer is.
. The insured pays a premium for a specified number of years. And if the accident insurance event occurs the insurance company will bear all or all of the costs in full or in part. Previous Post Previous post.
The insured is covered during his or her entire lifetime. The correct answer is. With WHOLE LIFE insurance the insured agrees to pay a specific premium each year until deathUser.
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. Term life insurance is a type of life insurance policy that offers a specified period of coverage. 21- Which of the following best describes what life insurance is designed to protect against.
How term life insurance works. The insured can borrow or collect the cash value of the policy. Describe any progre Q.
All of the following statements about key person life insurance are true EXCEPT. C owners of both term and whole life insurance are entitled to the cash surrender value when a policy is lapsed or surrendered. Depending on the chosen program you can partially or completely protect yourself from unforeseen expenses.
Best describes term life insurance. Which of the following best describes fixed-period settlement option. Term life insurance allows you to save money and place it into other accounts that will grow.
Which of the following best describes the two sources of insurance regulation. See the answer See the answer done loading. Term life insurance guarantees payment of a stated death benefit to the insureds beneficiaries if the insured person dies during a specified term.
Which of the following best describes term life insurance is a tool to reduce your risks. A source of emergency cash for any financial need. The insured pays a premium for a specified number of years.
All of the following are true regarding the guaranteed insurability rider EXCEPT. The correct answer is. The insured pays a premium for a specified number of years.
The insured is covered during his or her entire lifetimeB. The insured can borrow or collect the cash value of the policy. The insured pays a premium for a specified number of years.
21- Which of the following best describes what life insurance is designed to protect against. Dying before financial obligations have been met. This means that youll slowly.
The insured pays a premium for a specified number of years. A fixed term lease is terminated. Which of the following best describes term life insurance.
All of the following benefits are available under Social Security EXCEPT. If the policy cash value is surrendered the interest earned on the cash value is taxable as ordinary income. You are the new education coordinator for your facility and you have been tasked with writing an article for an industry.
2 days agowhich of the following best describes term life insurance. A policy loan on a whole life policy is. Policy loans are not taxable.
Which of the following best describes term life insurance brainly. Premiums for key person. Term life insurance is well suited for all the following needs EXCEPT.
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.
- best describes term life insurance. Which of this following best defines fixed-period settlement choice. And if the accident insurance event occurs the insurance company will bear all or all of the costs in full or in part.
Because it only offers protection for a limited time term life is best used for temporary needs that have a defined end-date. An advantage of owning a flexible premium life insurance policy would be. 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.
An employee has group life insurance through her employer. The insured can borrow or collect the cash value of the policy. With answer 4 a whole-life or universal life policy both offer a cash-value savings account that is tax deferred.
It is designed to protect the insured against the risk of death by providing cash value for their dependents. Which of the following combinations best describe a universal life insurance policy. 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.
The insured pays a premium for a specified number of years. Whole life insurance on the other hand covers you for the rest of your life but comes at a. Amax insurance fredericksburg rd.
A Old-age and retirement benefits. Which of the following best describes term life insurance. After 5 years she decides to leave the company and work independently.
Expert answered capslock Points 14296. Life Insurance Flashcards Quizlet A beneficiary may opt to receive the benefits in specific amounts until all the benefits due plus interest earned on policy dividends is paid. A 50000 B 250000 C 500000 D 100000.
Updated 2 minutes 4 seconds ago4142022 122500 PM. Probability of dying increasing as you grow older. The insured pays a premium for a specified number of years the best description of term life insurance is that b.
The insured pays a premium for a specified number of years. The insured pays the premium until his or her death. The insured pays the premium until his or her death.
The insured pays the premium until his or her death. Life insurance may be defined as the immediate creation of an estate. The insured is covered during his or her entire lifetime.
Term life insurance is for a specific period of time. The insured is covered during his or her entire lifetime. Term life insurance coverage unlike answer 1 can last anywhere from one to thirty years.
High Cost of Care Participate in the Online Discussion - Choose one 1 of the following topics and describe its role in Q. Term life insurance is a type of insurance that provides coverage for a predetermined length of time. Log in for more information.
Which of the following best describes term life insurance. The number of years tend to be specified because 7. Which of the following best describes term life insurance.
D administrative bodies and the court system Answer. The insured pays the premium until his or her death.
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Which Of The Following Best Describes Term Life Insurance Term Life Insurance Term Life Permanent Life Insurance
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