Question 5012 of 303 · California Life-Only Agent Exam
Decreasing term insurance is most appropriate to cover
Exactly one answer is correct.
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Correct answer to question 5012
- B: a mortgage balance that declines over time
Explanation
The death benefit is reduced to match a declining need, such as a mortgage balance.
More questions: Types of Life Policies
- 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
- 5018A juvenile policy with a jumping feature