TERM VS PERM
Authored by Sydney Pape
Education
10th Grade
Used 3+ times
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14 questions
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1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Dan Cooper’s life insurance coverage expires on Dec. 31, 2020
TERM
PERM
2.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Doris Mann’s policy from Acme Insurance Co. currently has a cash value of $4,782.68
TERM
PERM
3.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Grady Fillmore wants to make sure his life insurance proceeds cover his funeral expenses and all outstanding debts when he dies, so his family won’t have to incur the expenses.
TERM
PERM
4.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Alice Yates’ life insurance policy doesn’t have any value unless she dies during the policy term.
TERM
PERM
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
The XYZ Life Insurance policy Ruby Wannamaker’s parents purchased for her when she was born will cover her for her entire life as long as the required premiums are paid.
TERM
PERM
6.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Leo P. Conrad purchases a second life insurance policy to make sure his children’s educational expenses are covered in the event he dies before they graduate.
TERM
PERM
7.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
A contract between an insurance policy holder and an insurer or assurer.
Life Insurance
Premium
Beneficiary
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