Which of the following uses of personal life insurance?
Personal uses of life insurance include survivor protection, estate creation and conservation, cash accumulation, and liquidity.
Which of the following is not a feature of life insurance?
Lending of funds is not a function of insurance.
Which of the following is not an insurance?
Answer: Lending funds is not a function of insurance. Among the given options option (c) lending funds is the correct answer.
Which of the following is not a feature of term life insurance quizlet?
Which of the following is not a feature of term life insurance? Cash Value is not a feature of term life insurance. A "level term" policy means that the _________ remains the same throughout the entire policy period.
Permanent life insurance provides coverage for your entire life (as long as your premiums are paid in full and on time) and accrues cash value. Term life insurance provides coverage for a specific term (generally between five and 30 years). If you outlive the term of your life insurance policy, your beneficiaries will not receive a payout. Additionally, term life policies do not accrue cash value. They do tend to be less expensive than permanent policies.
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