Question 5010 of 303 · California Life-Only Agent Exam
A policy that pays a lump sum on the insured's death if it occurs within a specific number of years and has no cash value is
Exactly one answer is correct.
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Correct answer to question 5010
- D: term insurance
Explanation
Term provides pure protection. Endowment pays at death or at the end of a period, whichever comes first.
More questions: Types of Life Policies
- 5011Level term insurance has a death benefit that
- 5012Decreasing term insurance is most appropriate to cover
- 5013A renewable term policy allows the owner to renew coverage at the end of the term
- 5014A convertible term policy gives the owner the right to
- 5015A return of premium term policy
- 5016A limited pay whole life policy