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- Family need method e You want to purchase a life insurance policy that pays a dividend. What kind of policy would you want to purchase? Dividend policy B. Nonparticipating policy C. Mutual policy D. Participating policy E. Stock policy b Todd plans to purchase a life insurance policy from a stock life insurance company. What kind of policy is he planning to purchase? Jeanne wants to purchase a life insurance policy with guaranteed premiums. What kind of policy would she want to purchase? Stock policy d Another name for temporary life insurance is A. Whole life. Straight life. Ordinary life. Cash value life. Which of the following is NOT a type of permanent insurance? Whole life B. Straight life C. Ordinary life D. Term life E. Cash value life a Another name for permanent life insurance is A. Renewable term. Convertible term. Decreasing term. Credit life. Which of the following is NOT temporary insurance?Link: https://gty.org/
- Renewable term C. Convertible term D. Decreasing term E. Multiyear level b If you want to purchase term insurance, you will receive all of the following except A. Protection against loss of life for a specified term. Cash value. Temporary insurance. A benefit during the period it covers, such as 1, 5, 10, or 20 years. A policy whose coverage stops after a period of time. Which of the following is NOT a type of permanent life insurance? Variable life C. Universal life D. Adjustable life E. Decreasing term life b If you have a renewable term policy, A. You may not purchase insurance once your term ends. Your premium may increase if you continue it for another term because you will be older. Your premium will not increase because your policy is renewable. You can convert your policy to a permanent type at the end of the term.Link: https://muhealth.org/
- None of these is correct. If you have a multiyear level term policy, A. You policy will continue for one year. Your premium will be the same for the duration of your policy. Your premium will not increase when you renew it. If you have a conversion term policy, A. You can convert your policy from permanent to term at any time. You can convert your term policy to a permanent policy. Your policy will have the same premium as other term policies. Your premium will be higher than a whole life policy premium. This term life policy will guarantee that you will pay the same premium for the duration of your policy. Renewable term B.Link: https://quizlet.com/305861987/module-1-exam-flash-cards/
- Multiyear level term C. Decreasing term D. Limited payment E. Single year term b Another name for a straight term policy is A. Multiyear level term. Limited payment. Single year term. Which of the following is NOT a feature of whole life insurance? It accumulates cash value.Link: https://gujaratieducation.in/gpsc-various-exam-answer-key-declared-2017/
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Sunday, June 6, 2021
Personal Finance Chapter 10 Test Answers
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