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Term life insurance shall never provide:
a. death protection
b. low premiums
c. temporary protection
d. a living benefit
d. a living benefit
The premium paid on whole life would be ___________ at the age 25 than age 75:
a. more
b. less
c. same
d. twice the rate
c. same
,If the insured lives to age 100 on a whole life coverage, the cash value would be ___________ the
face amount:
a. less than
b. equal to
c. more than
d. double
b. equal to
The premium on limited payment whole life vs continuous pay whole life would be:
a. less
b. same
c. more
d. identical
c. more
,The cash value on limited payment whole life vs. continuous pay whole life would be:
a. less
b. same
c. more
d. exactly equal
c. more
This type of life insurance always has a level premium:
a. term
b. whole
c. variable
d. annuity
b. whole
, How much of the group life of $75,000 would be taxable to the beneficiary:
a. $25,000
b. $50,000
c. $75,000
d. none
d. none
Adjustable life you may change all except:
a. raise the face amount
b. lower the face amount
c. raise the premium
d. lower the premium
a. raise the face amount
Term life insurance shall never provide:
a. death protection
b. low premiums
c. temporary protection
d. a living benefit
d. a living benefit
The premium paid on whole life would be ___________ at the age 25 than age 75:
a. more
b. less
c. same
d. twice the rate
c. same
,If the insured lives to age 100 on a whole life coverage, the cash value would be ___________ the
face amount:
a. less than
b. equal to
c. more than
d. double
b. equal to
The premium on limited payment whole life vs continuous pay whole life would be:
a. less
b. same
c. more
d. identical
c. more
,The cash value on limited payment whole life vs. continuous pay whole life would be:
a. less
b. same
c. more
d. exactly equal
c. more
This type of life insurance always has a level premium:
a. term
b. whole
c. variable
d. annuity
b. whole
, How much of the group life of $75,000 would be taxable to the beneficiary:
a. $25,000
b. $50,000
c. $75,000
d. none
d. none
Adjustable life you may change all except:
a. raise the face amount
b. lower the face amount
c. raise the premium
d. lower the premium
a. raise the face amount
