Life Insurance

The person who gets the money when the insured person dies is called?

• Beneficiary
• Rate
• Term Insurance
• Face Value

What is the amount of money a policy is worth called?

• Term life insurance
• Face value
• Renewable insurance
• Whole life insurance

What is life insurance?

• Insurance that insures your own life
• Insurance that insures your car
• Insurance that insures your home
• Money that is paid to you to live

Term coverage allows a person to be insured for their entire life.

• True 
• False

This life insurance has a savings feature.

• Term life insurance
• Whole life insurance

Dan Cooper’s life insurance coverage expires on Dec. 31, 2020

• Term

• Perm

Doris Mann’s policy from Acme Insurance Co. currently has a cash value of $4,782.68

• Term

• Perm

Alice Yates’ life insurance policy doesn’t have any value unless she dies during the policy term.

• Term

• Perm