Which Of The Following Best Describes Term Life Insurance. B) it provides an annually increasing death benefit. “the insured pays a premium for a specified number of years.” the best description of term life insurance is that “b.
When a ten year renewable term life insurance policy issued at age 45 is renewed, the premium rate will be the current rate for a. What type of life insurance policy would be best suited to this situation? Which of the following best describes term life insurance?
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Feb 1, 2019 — the following best describes term life insurance: Which of the following best describes term life insurance? Hello readers, please enjoy our website bestuneed on which we share the best information according to your queries, and within this section, you can find the best informational content in various topics.
This Answer Has Been Confirmed As.
Term life insurance provides temporary protection for a specified, limited time that can be defined in years or by the age of the insured. The insured pays the premium until his or her death. Term life insurance is a type of life insurance policy that offers a specified period of coverage.
Usually, It Starts At Five Years.
The insured can borrow or collect the cash value of the policy. It pays just if death takes place throughout the term of the policy, which is generally from 1 to 30 years. The insured is covered during his or her entire lifetime
The Insured Pays The Premium Until His Or Her Death.
When shopping for life insurance there are several choices to be. Upon conversion, the death benefit of the permanent policy will be reduced by 50%. C) it is level term insurance.
A Term Life Insurance Policy Is The Simplest, Purest Form Of Life Insurance:
The insured pays a premium for a specified number of years. “the insured pays a premium for a specified number of years.” the best description of term life insurance is that “b. The insured can borrow or collect the cash value of the policy.