Life Insurance

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

• Beneficiary
• Rate
• Term Insurance
• Face Value

What are some ways to keep life insurance costs low?

• Buying more benefits, making sure you have a waiver of premium, and having a lower premium.
• Having a lower deductible, making monthly payment, or not keeping your policy up to date.
• Compare rates, choosing a higher deductible, buying only the insurance you need.
• By having survivor benefits.

This life insurance has a savings feature.

• Term life insurance
• Whole life insurance

The older you are, the more life insurance costs

• true
• false

Life insurance can be helpful in many ways after someone has passed away. Please select all that apply.

• Provide income for family members
• Pay off financial obligations
• Assist with funeral and burial costs
• All of these

Can life insurance companies charge smokers more money for life insurance than nonsmokers?

• Yes
• No

Who usually pays more for life insurance?

• Men
• Women

Which of the following people do you think would need life insurance the most?

• A single working mom with two kids
• A single college grad without dependents starting his first job
• A single wealthy businesswoman without dependents
• An elderly retired man with a wife who is also retired

This type of life insurance is for a period of time

• Term life insurance
• Whole life insurance

This life insurance has a savings feature.

• Term life insurance
• Whole life insurance