Which of the following is not a type of permanent life insurance?
What are the different types of permanent life insurance policies? · Whole or ordinary life · Universal or adjustable life · Variable life · Variable-universal life.
What are the 4 types of permanent life insurance?
What are the 4 types of permanent life insurance? The four most common types of permanent, cash value life insurance are whole life, standard universal life insurance (UL), variable UL, and indexed UL. All these policies can provide life-long insurance protection and a tax-advantaged financial asset.
Which of the following is not a permanent type of life insurance?
e Universal Life Insurance.
Which of the following are types of permanent life insurance?
The four types of permanent life insurance policies are universal life, whole life, variable universal life, and variable life.
What is the difference between permanent and term life insurance?
While Permanent Life Insurance policies are typically more expensive than their “Term Policy” counterparts, they often offer extra advantages, such as a guaranteed minimum death benefit and the ability to accumulate in cash value tax deferred. Here is a brief explanation of some different types of Permanent life insurance.
What are the different types of life insurance?
Life insurance that provides insurance over a specified term and allows policyholders to invest residual funds is known as A) whole life insurance. B) term life insurance. C) universal life insurance. D) variable life insurance D) variable life insurance
What is another name for whole life insurance?
Whole life insurance is also referred to as A) endowment life insurance B) universal life insurance. C) group life insurance. D) permanent insurance. D) permanent insurance Which of the following is not an option as a way to use the cash value of your whole life policy?
Permanent life insurance refers to coverage that never expires, unlike term life insurance, and combines a death benefit with a savings component. The two primary types of permanent life insurance are whole life and universal life. Permanent life insurance policies enjoy favorable tax treatment.
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