Question 5011 of 303 · California Life-Only Agent Exam
Level term insurance has a death benefit that
Exactly one answer is correct.
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Correct answer to question 5011
- A: stays the same throughout the term
Explanation
Level term keeps the face amount constant. Decreasing term reduces it and is often used for mortgage protection.
More questions: Types of Life Policies
- 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
- 5017A single premium whole life policy is paid for with