Question 1034 of 287 · Texas Life, Accident and Health Agent Exam
Which 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?
Exactly one answer is correct.
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Correct answer to question 1034
- A: Level term insurance
Explanation
Level term holds the premium and benefit constant for the term, such as 10 or 20 years. At renewal the premium is based on the attained age, and it is much higher.
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