Which of the following is true with regard to term life insurance contracts?
A) policies of less than 10 year length are illegal in 13 states.
B) one form of term life increases the amount of insurance as the balance due on a mortgage declines over time
C) renewable term life insurance guarantees the insured that upon renewal, his premiums will not increase
D) term insurance provides temporary protection
Correct Answer:
Verified
Q23: After taking an introductory course in insurance,
Q31: Whole life insurance policy sales have declined
Q32: MaryJo owns a whole-life insurance policy on
Q34: Your best friend discovers you just took
Q34: Term life insurance has significantly increased in
Q37: Universal life was created in response to
Q39: Which of the following is false with
Q40: After taking an introductory course in insurance,
Q40: Why have term life insurance rates decreased
Q49: Universal life insurance is an interest sensitive
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents