Life & Health Insurance Review

Which type of life insurance is considered to be the best value for most people?

• Term Life

• Whole Life

In which situation would the need for life insurance be the greatest?

• A married couple, no children, both earn $100k plus a year.

• A 20 something college student that works part time.

• A couple with 2 young children and 25 years remaining on their mortgage.

• A retired couple with adult chidlren and 2 years reamaining on their mortgage.

The person or persons who receives payment when the insured party dies.

• beneciciary

• premium

• awardee

• policyholder

A life insurance death benefit can help survivors with

• cost of education

• paying off a home

• general living expenses

• paying for a loved one's funeral expenses

What time of life insurance policy provides protection for a specified period of time?

• term life

• whole life

• term and whole life both

With term life insurance, if you out live the term what happens to that money you paid to the insurance comapnay over the years?

• You reaceive a percentage of it back.

• You are entitled to the interest the insurance company earned on the money over the years.

• All that money in premiums you paid in is lost,

• Your agent will typically take you to dinner with it.

Whole life insurance provides protection for you

• over a specifified number of years.

• while you are employed.

• until your death or you cancel the policy.

• only if yoiu die in an accident.

With either term or whole life insurance, if you pass away while insured the death benefit is paid.

• False

• True

With term life insurance, which of the following will have an impact on the premium that you pay?

• Your age

• Your health

• Your driving record

• Your gender

Which of the following could be a factor in determining how much life insurance you need?

• Number and age of children

• Total in savings and investments

• Number and Type of Financial Obligations

• Your Health Insurance Coverage