Fundamentos del Seguro de VidaPregunta 395 de 716
Which form of term insurance keeps both the premium and the death benefit constant for the entire term?
a.Level term
b.Increasing term
c.Decreasing term
d.Annual renewable term
Explicación
Level term holds both the face amount and the premium steady for the full term, which is why it is the most common form for temporary needs. Decreasing term keeps a level premium but a shrinking benefit. Increasing term has a benefit that grows. Annual renewable term keeps a level benefit but a premium that rises each year. Only level term locks in both values for the whole term.
Practica las 716 preguntas gratis — sin registro.
Own the complete California Life & Health Insurance Producer Exam guide — PDF + EPUB, $19.99 →
Preguntas relacionadas de este tema
- A 'jumping juvenile' policy is a form of juvenile life insurance in which the face amount:
- Credit life insurance is generally structured as:
- Return-of-premium (ROP) term insurance is distinguished from ordinary term because it:
- Decreasing term insurance is most commonly purchased to:
- Increasing term insurance provides:
- Under Option B (the increasing death benefit option) of a universal life policy, the total death benefit is equal to:
Última revisión: · proceso editorial
Equipo de PrepPass · Verificado con California Life & Health Insurance License Exam · Cómo revisamos
Revisado por John Zihao Zhang — California-Licensed Life Insurance Agent (CA Dept. of Insurance License #4396095 — verificar)