Term vs. Whole Life Insurance GAME
Authored by Melissa Martinez
Business
11th - 12th Grade
Used 59+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This insurance is a good choice for young people who can't afford the higher costs of permanent insurance, or for people with financial obligations that will disappear in time, such as a car loan or a mortgage.
Term Insurance
Whole Life Insurance
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This insurance has a cash value.
Term Insurance
Whole Life Insurance
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
You buy this policy with a specified time period, usually one, five, or ten years.
Term Insurance
Whole Life Insurance
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Unless you make a change to your policy, you have lifelong coverage with no future medical exams.
Term Insurance
Whole Life Insurance
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Premiums are generally much cheaper than cash-value policies
Term Insurance
Whole Life Insurance
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This is a good choice for young people, who are unable to afford the higher cost of permanent insurance right now.
Term Insurance
Whole Life Insurance
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Your premium will remain constant during the time you are covered unless you choose otherwise.
Term Insurance
Whole Life Insurance
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