Question 1033 of 287 · Texas Life, Accident and Health Agent Exam
Which of these is a characteristic of term insurance compared with whole life?
Exactly one answer is correct.
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Correct answer to question 1033
- D: It has no cash value or loan provision
Explanation
Term policies generally offer no savings element, so there is no cash surrender value, no loans, and no nonforfeiture options. Whole life offers all of these.
More questions: Life: Types of Policies
- 1034Which type of policy has a death benefit that is level and a premium that is guaranteed to stay the same for a stated number of years, after which it may increase sharply?
- 1035A policyowner wants permanent protection with the lowest possible premium that is guaranteed never to change. Which policy fits best?
- 1036Which feature of an indexed annuity or indexed life policy limits the amount of index gain that can be credited in a period?
- 1037An annuity in which the owner pays premiums as a series of payments over time before income begins is a
- 1001Which feature is characteristic of ordinary (straight) whole life insurance?
- 1002A limited-pay whole life policy differs from ordinary whole life because the