Life Insurance

One whose death is covered by their life insurance.

• Policyholder

• Termed

• Insured

• Covered

The insured and the policyholder are always the same person.

• True

• False

Answer explanation

The policyholder and the insured can be different people.

What does "increasing" or "decreasing" term insurance mean?

• The death benefit increases or decreases over time

• The premium increases or decreases over time

• The term increases or decreases over time

• The attained age increases or decreases over time

What is Term Life Insurance?

• Temporary protection defined in years

• Protection that is renewed in "terms"

• Permanent protection

• Temporary protection defined by the age of the insured

What is a clients largest asset?

• home

• ability to work

• car

• retirement accounts

What reason doesn't fit for why people don' t buy life insurance?

• Didn't think they could afford it

• Doesn't see a need for it

• Never got around to it

• Spouse can remarry

The coverage period for life insurance is usually LESS than a year

• True

• False

....form of life insurance as premiums are cheaper compared to other life insurance plans

• Term

• Whole life

• Endowment

Life insurance can also be used as investment fund

• True

• False

The premiums and death benefit are fixed is refer to ____

• Term

• Whole life

• Endowment