What is Term insurance? - ProProfs Discuss
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What is Term insurance?



A. Provides coverage to age 100, builds cash value, participates in dividend payments, high premium and is payable at the end of a preselected period.
B. Combines monthly income during a stated period with a death benefit, nonforfeiture provisions and greater flexibility during times of inflation.
C. Provides temporary protection, builds no cash value, is less expensive, and may be renewed.
D. Provides the option to adjust the face amount, change anniversary dates, and automatically increases face amount at given age.

This question is part of California Life Insurance Practice Exam
Asked by Wyatt Williams, Last updated: Oct 16, 2019

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2 Answers

Thomas Ben

Life Insurance Adviser who can connect the policy seekers with the right insurance providers. https://www.swiftlifeinsurance.co.uk

Thomas BenFinancial & Insurance Adviser, Higher Education, united kingdom
Financial & Insurance Adviser, Higher Education, united kingdom

Answered on Oct 16, 2019

C. Provides temporary protection, builds no cash value, is less expensive, and may be renewed.

Term life insurance is of many types out of them level term life insurance,anddecreasing term life insurance are mostly prescribed.

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John Smith

John Smith

Answered on Jul 21, 2017

Provides temporary protection, builds no cash value, is less expensive, and may be renewed.

Term insurance provides a substantial amount of coverage at a low cost. The lower price is possible due to no cash value.
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