人寿保险基础第 368 / 716 题
Annual renewable term lets the policyowner continue coverage each year without new evidence of insurability, but:
a.The death benefit decreases automatically each year
b.The coverage automatically becomes permanent after ten years with no action required by the owner
c.The policy begins to build guaranteed cash value
d.The premium increases at each renewal as the insured grows older
解析
With annual renewable term, the face amount stays level but the premium rises at each renewal because the insured is one year older and the mortality cost is higher. The death benefit does not automatically decrease (that would be decreasing term). Term insurance builds no cash value. And it does not automatically convert to permanent coverage; conversion, if available, requires the owner to elect it. The rising premium is the trade-off for guaranteed renewability.
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同考点相关题目
- In a variable life insurance policy, the cash value and (in part) the death benefit can rise or fall based on the performance of separate account investments. Because of this investment risk, the producer selling it generally must:
- The method of estimating life insurance need that totals specific obligations, such as final expenses, debts, income replacement, and education, then subtracts existing assets, is the:
- A term policy that permits the insured to exchange it for a permanent policy without providing new evidence of insurability is described as:
- Term insurance costs less than whole life for the same face amount primarily because term insurance:
- In a traditional whole life policy, the cash value:
- A 'participating' whole life policy is one that:
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审核人 John Zihao Zhang — California-Licensed Life Insurance Agent (CA Dept. of Insurance License #4396095 — 核实)