An advantage of owning a flexible premium life insurance policy would be. 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.
Which Of The Following Best Describes Term Life Insurance Term Life Insurance Term Life Permanent Life Insurance
A life insurance policys contingent beneficiary is the.
. What should be the withdrawal values after a year. The insured pays a premium for a specified number of years. It replaces lost income and covers medical expenses.
Which of the following statements best describes the Automatic Premium Loan Provision. Added 130 days ago11302021 32324 PM. Which of the following best describes term life insurance.
A Policy dividends represent earnings to shareowners who hold stock in insurance companies. If the claim is disputed in court and the insurer loses the face amount will. Which of the following statements best describes what will happen.
The insured pays the premium until his or her death. It provides benefits to loved ones after someones death. A provision whereby the company automatically pays the premium out of the loan value and charges it as a loan to the insured if said premium due is not paid within the grace period b.
All the following statements regarding life insurance cost comparison methods are correct EXCEPT. It replaces lost income and covers medical expenses. C Policy dividends are an intentional return of a portion of the premiums paid.
Get an answer. One party accepts the exact terms of the other partys offer For an insurance contract the principle of utmost good faith means. It pays for doctor visits and preventive medical care.
Klondikegj and 152 more users found this answer helpful. Which statement best describes a single premium whole life policy. Updated 2 minutes 4 seconds ago4142022 122500 PM.
Trust administration fees would reduce policy proceeds. If you have a policy of 10000 for 20 years it will be worth 10000 for the entire term of the insurance. Permanent policies are significantly more expensive than term policies which can be a deterrent for many cost-conscious families.
Permanent life insurance provides coverage for the rest of your life and has a cash value component that can increase over time. B Policy dividends affect the cost of virtually all insurance policies issued today. Benefits are doubled under certain circumstances stated in the policy b.
The insured pays a premium for a specified number of years best describes the term life insurance. The insured pays the premium until his or her death. Which of the following statements best describes life insurance policy dividends.
Log in for more information. Disability insurance help to replace the loss income that the affected person has loss as a result of the disability. Policy owners who invest in variable life funds with high equity investment face higher risk but can expect to achieve higher return than the traditional life insurance product over the long term.
Premiums that can only be paid from a single source b. The statement that best describes disability insurance is. Which statement best describes a single premium whole life policy.
An employee quits his job on May 15 and doesnt convert his Group Life policy to an individual policy for 2 weeks. A single premium that is due annually c. Term insurance is insurance that does not grow in money.
The insured can borrow or collect the cash value of the policy. Which type of life insurance policy is best suited for paying off the outstanding balance of a 30-year mortgage in the event of the insureds death. The insured is covered during his or her entire lifetime.
Which statement best describes agreement as it relates to insurance contracts. Cost indexes calculate the cost of pure insurance protection over a specified period of time. The insured pays a premium for a specified number of years.
Which of the following best describes term life insurance. Which of the following BEST describes a double indemnity provision in travel accident insurance. The insured pays a premium for a specified number of years.
He dies in a freak accident on June 1. With WHOLE LIFE insurance the insured agrees to pay a specific premium each year until deathUser. Paid-up policy that offers lifetime protection.
Insurance can be defined as an insurance coverage that help to cover medical expenses or medical costs. Which statement best describes life insurance. Which of the following combinations best describe a universal life insurance policy.
30-year increasing term c. One of the more commonly asked questions we get here at Low Cost Life Insurance is which of the following best describes term life insurance The insured is covered during his or her entire lifetime. Offer Price PHP 1600.
The insured pays a premium for a specified number of years would be the best option from the list since this refers to life insurance that is paid out at set rates and intervals instead of varying. All cost comparison methods recognize the role of the cash value in projecting future costs of coverage. It protects property against theft accidents or damages.
30-year decreasing term d. It as well cover all the medical. A provision whereby one life insurance company will guarantee payment.
Paid-up policy that offers lifetime protection. What would be the disadvantage of naming a trust as beneficiary of a life insurance policy.
Common Types Of Life Insurance Infographic Life And Health Insurance Life Insurance Quotes Life Insurance Marketing
14 Health Insurance Quotes Life Insurance Facts Life Insurance Marketing Life Insurance Quotes
Report The Future Of Life Insurance Business Insider Intelligence Life Insurance Insurance Marketing
0 Comments