Which of the Following Statements About Term Insurance Is True

Term insurance usually has cash value when it expires. Its more expensive than straight life.

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The insurance provides protection for a temporary period of time.

. Term is less expensive as the insureds age increases. The policy provides temporary insurance protection. Ordinary whole life insurance has some value as an investment.

B Most policies can be renewed for additional periods without evidence of insurability. Term is more expensive as the insureds age increases. 24 Which of the following statements about term insurance is true.

An insured owns a 50000 whole life policy. C The coverage is appropriate if the goal is permanent lifetime protection. It builds up cash value C.

Most policies can be renewed for additional periods without evidence of insurability. B Under an original age. B The premiums are deductible for the employer and are treated as taxable income to the employees.

B A common benefits trigger is the inability to perform a certain number of activities of daily living. A Under an attained age conversion the premium is based on the insureds attained age at the time of conversion. All of the following statements about long-term care insurance are true EXCEPT A Premiums can be reduced by electing shorter elimination periods.

Most policies have a cash value that can be taken by the policyowner. DTerm insurance is usually more expensive than whole life insurance. The policy owner can make policy changes without difficulty.

B A common benefits trigger is the inability to perform a certain number ofactivities of daily living. D Most policies have a CV that is refunded when coverage ceases. C Protection against inflation is usually made available as an optional benefit.

All of the following statements about term insurance are true EXCEPTMost policies can be converted to a permanent life insurance policy. Premiums are fixed for the first 5 years. Which of the following statements regarding TERM insurance is true.

Most policies can be renewed for additional periods without evidence of insurability. Term may be written for a specified number of years D Term premiums increase as the insureds age increases. The whole life insurance policy is a permanent policy where the insurer pays premiums until his death and these are beneficial for the insurers family members after his death 2.

A The premiums are not deductible for the employer and are treated as taxable income to the employees. Term insurance provides pure insurance protection. 18 Which of the following statements about term insurance is true.

B Most policies can be renewed for additional periods without evidence of insurability. A The coverage is appropriate if the goal is permanent lifetime protection. B Most policies can be renewed without evidence of insurability.

CTerm insurance has cash value. C Premiums increase at a constant rate each time the policy is renewed. Not available in a form that pays less to the beneficiaries as time passes.

The term policy builds cash values. Term insurance is protection for a specified period of time. Plan is legal method of accumulating money for retirement needs.

All of the following statements are true regarding. Term Insurance provides protection but does not generate a cash value. Benefits are payable only if death occurs within the stipulated term.

The insurer can make policy charges without difficulty. Which of the following types of insurance policies would perform the function of cash accumulation. The rider is usually level term insurance.

It provides temporary protection B. A Premiums can be reduced by electing shorter elimination periods. All of the following statements about term insurance are true EXCEPT a The insurance provides protection for a temporary period of time.

Which is true about a spouse term rider. Premiums for term insurance remain constant. FCES Students Council social business insurance 8 All of the following statements about the conversion of a term policy are true EXCEPT.

All of the following statements regarding term insurance are true except. The insured pays premiums on this type of insurance until their death. A Most policies have a cash value that is refunded when coverage ceases.

C Most policies can be converted to a permanent life insurance policy. An advantage of owning a flexible premium life insurance policy would be. All of the following statements concerning employer sponsored nonqualified retirement plan are true EXCEPT.

Which of the following statements about employer-paid premiums for tax-qualified long-term care insurance on employees is TRUE. It pays more than the face amount D. All of the following statements about long-term care insurance are true EXCEPT 1.

Evidence of insurability is. At age 47 the insured decides to cancel his policy and exercise the extended term option for the policys cash value which is currently 20000.

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