Question 1011 of 287 · Texas Life, Accident and Health Agent Exam
Term life insurance is best described as
Exactly one answer is correct.
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Correct answer to question 1011
- D: pure protection that pays only if the insured dies during the stated period
Explanation
Term insurance pays a death benefit only if death occurs within the term. It has no cash value, so premiums are low compared with permanent insurance at the same face amount.
More questions: Life: Types of Policies
- 1012Which type of term insurance has a death benefit that declines over the policy period?
- 1013A father wants coverage that will pay off his mortgage balance if he dies, with the amount of protection shrinking as the loan is repaid. Which policy fits best?
- 1014With a return of premium term policy, the insurer
- 1015Annually renewable term insurance provides
- 1016A renewable term policy allows the insured to
- 1017A convertible term policy lets the owner