exam for insurance Flashcards
1
Q
term life insurance
A
a temporary life insurance provided for a specific period of time.
2
Q
what is another name for term life insurance
A
Pure Life Insurance
3
Q
what is the benefit of term life insurance
A
it provides for the greatest amount of coverage for the lowest premiums
4
Q
what insurance provides what is know as pure death protection
A
term life insurance
5
Q
what is pure death protection
A
if the insured dies during the policy term, the policy pays a death benefit to the beneficiary
6
Q
what are the 3 basic types of term coverage
A
level term insurance
increasing term insurance
decreasing term insurance
7
Q
what is the most common type of temporary protection ?
A
level term insurance
8
Q
A
