Which of the below is TRUE of term life insurance?
A) Term insurance is pure life insurance.
B) If the insured retires at the age of 62 while the policy is intact, the beneficiary of the policy receives the benefit.
C) If the insured does not die within the period, the policy is valid and still has a cash value.
D) The policyholder can borrow against the policy.
Correct Answer:
Verified
Q8: Among the major types of products distributed
Q9: Which of the below is TRUE of
Q10: Traditional cash value life insurance, usually called
Q11: Which of the below statements is FALSE?
A)
Q12: Insurance companies are monitored by _.
A) their
Q14: A _ is similar in structure to
Q15: There are two very important differences between
Q16: _ policies allow the policy owners to
Q17: Which of the below statements is FALSE?
A)
Q18: A new form of insurance company, which
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