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WorksheetsLife Insurance
Total questions: 15
Worksheet time: 8mins
What is a case were someone would need life insurance?
If your partner lives off your income
If you a lower class citizen
If you have a no source of income
If you claim no dependants
What is a case were someone would need life insurance?
If you have children who have graduated at least highschool
If you have children over 12
If you have young children
If you have no children
What is the average costs of a child from birth to age 17 for life insurance?
$177,000
$233,000
$199,000
$253,000
What type of life insurance could be described as "Level term period varies, but often can be five, 10, 15, 20 or 30 years"?
Whole Life Insurance
Term Life Insurance
Burial Insurance
Survivorship Life Insurance
What type of life insurance could be described as "Permanent, typically has cash value, premiums are level and death benefits are fixed"?
Whole Life Insurance
Term Life Insurance
Burial Insurance
Survivorship Life Insurance
What type of life insurance could be described as "Typically has a permanent policy length, typically has cash value, premiums vary, and death benefits are paid out after second person dies"?
Whole Life Insurance
Term Life Insurance
Burial Insurance
Survivorship Life Insurance
What type of life insurance could be described as "Permanent, cash value, premiums are level and death benefits are fixed"?
Whole Life Insurance
Term Life Insurance
Burial Insurance
Survivorship Life Insurance
What does life insurance cover?
Out-of-pocket medical expenses.
Benefits check after family death to cover expenses
Travel costs for family members to get to the funeral.
Funeral expenses and burial or cremation costs.
"The average cost of life insurance is $__ a month, __year, $___,___ term life policy, which is the most common term length and amount sold."
How much a month?
$17
$26
$23
$19
"The average cost of life insurance is $__ a month, __year, $___,___ term life policy, which is the most common term length and amount sold."
How many years?
17
18
19
20
"The average cost of life insurance is $__ a month, __year, $___,___ term life policy, which is the most common term length and amount sold."
How much money?
$400,000
$500,000
$550,000
$600,000
What is a permanent?
Type of Term
Category of Policy
Policy Length
Type of Expense
What is underwriting?
A process that every applicant who applies for insurance coverage needs to go through.
Extra funds returned to policyholders each year.
The amount of money your insurer will pay out to your beneficiaries if you die during the policy’s term
Premiums are the money that the policyholder pays for insurance.
What is a dividend?
The amount of money your insurer will pay out to your beneficiaries if you die during the policy’s term
Premiums are the money that the policyholder pays for insurance.
A savings component typically included in permanent life insurance policies.
Extra funds returned to policyholders each year.
What is a beneficiary?
The amount of money your insurer will pay out to your beneficiaries if you die during the policy’s term
A person that can receive funds or other property from a life insurance policy.
A process that every applicant who applies for insurance coverage needs to go through.
Extra funds returned to policyholders each year.
