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

What ages should purchase Life Insurance?

• 16-55 years old

• 30 -108 years old

• All of the above

• 14 months - 67 months

What option(s) are there when choosing this type of insurance?

• Permanent/Term Life Insurance

• Occupational/term Life Insurance

• Accidental Life Insurance

• Umbrella/Permanent Life Insurance

Life insurance is not for you but for your family.

• True

• False

Buying insurance when you are young will cost you ....

• a higher rate.

• lower rate.

What may insurance company look at when deciding the rate of your policy?

• preferences.

• working condition.

What is the goal of life insurance

• to pay for as much medical care as necessary

• Financial security for your family

• To ensure you die wealthy

• A way of making you richer