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Which of the following is not a typical feature of whole life insurance policy


Avis 5,0 (1) Which of the following is a typical characteristic of a whole life policy? -The premiums remain level for the entire period that the policy is in force. -Whole ...

Which of the following is not a feature of a whole life insurance?

Which of the following is NOT a feature of whole life insurance? The policy will return all premiums if you survive to the end of the policy.

What are the main features of whole life insurance?

Whole life insurance\n\n Compared to other forms of permanent coverage, a whole life policy has three defining characteristics: The level premium remains the same for life. The death benefit is guaranteed as long as the guaranteed premiums are paid. The policy includes guaranteed cash values that grow at a guaranteed rate.

What are 4 types of whole life policies?

Whole life insurance has several variations, including limited payment, modified, single-premium, and variable whole life. Different types offer alternative payment options or investment methods.

Which of the following is not a feature on a Term insurance policy?

All of the following are characteristics of term insurance, EXCEPT: Term policies do not accrue cash value. They only provide death protection.

What are the different types of whole life insurance policies?

Continuous premium, limited premium and single premium are types of whole life policies. Which of the following is indicative of a continuous premium method? The straight/continuous premium whole life has the lowest annual premium, and requires that payments be made for the longest period of time.

Which statement is true about a limited pay whole life policy?

It is a single premium whole life policy that has immediate cash value, and the lowest cost over the life of the insured. A limited pay whole life is also called 20-pay life. The correct answer is: It has the lowest annual premium.

Which type of whole life policy has the lowest premium?

The cash value grows slowly with a continuous premium policy. It is a single premium whole life policy that has immediate cash value, and the lowest cost over the life of the insured. A limited pay whole life is also called 20-pay life. The correct answer is: It has the lowest annual premium. Nice work! You just studied 25 terms!




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