Question 1015 of 287 · Texas Life, Accident and Health Agent Exam

Annually renewable term insurance provides

Exactly one answer is correct.

Acoverage for one year that renews without evidence of insurability, at a higher premium each year
Ba level premium for the whole life of the insured
Ccoverage that increases each year with the cost of living, at the discretion of the company, depending on the class of risk involved
Dcash value that increases annually

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Correct answer to question 1015

A: coverage for one year that renews without evidence of insurability, at a higher premium each year

Explanation

ART renews each year without a new medical exam, but the premium rises with the insured's attained age. This makes it the cheapest at young ages and the most expensive over a long period.

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1020Which annuity option provides income for as long as the annuitant lives, with nothing paid to a beneficiary after death?
1021A life annuity with a 10-year period certain pays the annuitant for life. If the annuitant dies in year 4, the

Annually renewable term insurance provides

Correct answer to question 1015

Explanation

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