Nevada Life & Health Insurance Questions and Correct Answers Only 2026

Nevada Life & Health Insurance Questions and Correct Answers Only 2026 term insurance - Correct Answer temporary protection because it only provides coverage for a specific period of time face amount - Correct Answer death benefit 3 basic types of term coverage - Correct Answer level, increasing, decreasing - based on how the face amount changes during the policy term What is the premium in term insurance? - Correct Answer regardless of type of term insurance purchased, premium is level throughout the term of policy level term insurance - Correct Answer death benefit does not change throughout the life of the policy annually renewable term - Correct Answer premium increases annually according to the attained age, guaranteed to be renewable each year decreasing term - Correct Answer level premium and death benefit that decreases each year over duration of the policy term increasing term - Correct Answer level premium and death benefit that increases each year over the duration of the policy term return of premium life insurance - Correct Answer an increasing term policy that pays an additional death beneficiary equal to the amount of the premiums paid