1.This insurance provides coverage for a specific period of time, usually from one to 30 years:
Universal Life Insurance Whole Life Insurance None of the above Term Life Insurance
2.The cash surrender value of a permanent life insurance is
Also called the death benefit. The amount available in cash upon the policy owner's termination before it becomes payable by death. The payment to the insurance company for insurance coverage. A refund of excess premium paid to the owner of an individual participating life insurance policy.
3.Which of the following policies is not a permanent life insurance?
Universal Life Insurance Variable Life Insurance Whole Life Insurance Term Life Insurance
4.Which life insurance insures two individuals in one insurance plan?
Whole Life Insurance Universal Life Insurance Survivorship Life Insurance Term Life Insurance
5.What is the rule of thumb on how much life insurance coverage you need?
Three times your current assets Five to seven times your annual gross income Five times your assets Twice the value of your house
Universal Life Insurance Whole Life Insurance None of the above Term Life Insurance
2.The cash surrender value of a permanent life insurance is
Also called the death benefit. The amount available in cash upon the policy owner's termination before it becomes payable by death. The payment to the insurance company for insurance coverage. A refund of excess premium paid to the owner of an individual participating life insurance policy.
3.Which of the following policies is not a permanent life insurance?
Universal Life Insurance Variable Life Insurance Whole Life Insurance Term Life Insurance
4.Which life insurance insures two individuals in one insurance plan?
Whole Life Insurance Universal Life Insurance Survivorship Life Insurance Term Life Insurance
5.What is the rule of thumb on how much life insurance coverage you need?
Three times your current assets Five to seven times your annual gross income Five times your assets Twice the value of your house
Collected premiums in excess of the cost of Universal Life Insurance in Toronto insurance by INSUREDCAN accumulate within the cash value portion of the policy.
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