Which of the following is not a true description of non-medical life insurance
Which of the following is NOT a true description of non-medical life insurance? Applicants are not required to answer medical questions on the application. Medical questions can still be asked on an application of non-medical life insurance.
Which of the following is not true about term life insurance?
Which of the following is not true about term insurance? Term insurance does NOT build any cash value. While age is not the only consideration, premiums are generally lower for younger insureds. The correct answer is: Term insurance builds cash value.
Which of these is not a common life insurance Nonforfeiture option quizlet?
Which of these is NOT considered to be a common life insurance nonforfeiture option? Life Income annuity. Exceptions included: Cash surrender, extended term insurance, and reduced paid-up insurance.
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.
Which of the following is not a characteristic of term life insurance?
All of the following are characteristics of term insurance, EXCEPT: Term policies do not accrue cash value.
What do you need to know about renewable term life insurance?
Require a higher premium payable at each renewal. In a renewable term life insurance policy, the contract will usually: Applicants are not required to answer medical questions on the application. Which of the following his NOT a true description of non-medical life insurance?
What is a variable life insurance policy?
A life insurance policy where the insured can choose where the cash value can be invested is called variable life. A life insurance policy that pays the face amount if the insured survives to a specified period of time is called endowment insurance.
What type of life policy is John looking for?
The type of life policy he is looking for is called a Joint life policys. John and Mary have a handicapped child that is financially dependent upon them. The death of one of the parents would not be financially disastrous, however the death of both likely would be.
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