人寿保险基础第 369 / 716 题
Term insurance costs less than whole life for the same face amount primarily because term insurance:
a.Is guaranteed renewable for the insured's entire life
b.Provides only temporary protection with no savings element
c.Pays a larger death benefit than whole life does
d.Always refunds the premiums paid if the insured outlives the term
解析
Term is cheaper because it is pure protection for a limited period and includes no cash value or savings component, so the premium pays only for the mortality risk during the term. It does not pay a larger benefit than whole life for the same face amount. It is not guaranteed for the whole of life. And ordinary term does not refund premiums; only a special (more expensive) return-of-premium term does. The absence of a savings element is the core cost difference.
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同考点相关题目
- 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:
- Annual renewable term lets the policyowner continue coverage each year without new evidence of insurability, but:
- In a traditional whole life policy, the cash value:
- A 'participating' whole life policy is one that:
- Compared with traditional whole life, a distinguishing feature of universal life is that the policyowner can:
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审核人 John Zihao Zhang — California-Licensed Life Insurance Agent (CA Dept. of Insurance License #4396095 — 核实)