Life Insurance Flashcard
Flashcard
•
Life Skills
•
12th Grade
•
Practice Problem
•
Hard
Wayground Content
FREE Resource
Student preview
7 questions
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1.
FLASHCARD QUESTION
Front
What are beneficiaries in life insurance?
Back
People who receive death benefits
2.
FLASHCARD QUESTION
Front
What are death benefits in life insurance?
Back
Money that beneficiaries receive after the policy holder dies
3.
FLASHCARD QUESTION
Front
What is a dependant in the context of life insurance?
Back
A person who relies on another for financial support
4.
FLASHCARD QUESTION
Front
What are actuarial life tables used for in life insurance?
Back
To estimate life expectancy
5.
FLASHCARD QUESTION
Front
What is term life insurance?
Back
Life insurance for a set time period
6.
FLASHCARD QUESTION
Front
What is the main drawback of whole life insurance?
Back
The cash value investment account is a scam
7.
FLASHCARD QUESTION
Front
What factors make life insurance less expensive? Options: Having a drink once a week and engaging in dangerous activities, Older age, Staying fit with extreme sports like mountain biking, Being young, healthy, and not engaging in dangerous activities
Back
Being young, healthy, and not engaging in dangerous activities
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