Question 5025 of 303 · California Life-Only Agent Exam

Funeral and burial insurance is life insurance with an initial face amount of

Exactly one answer is correct.

A$50,000 or less designated for estate taxes of the insured
B$100,000 or less designated for the purchase of burial plots only
C$20,000 or less set aside for funeral costs
Dany amount at all if the insured is over age 65

Show solution

Correct answer to question 5025

C: $20,000 or less set aside for funeral costs

Explanation

The objectives define funeral and burial coverage as having an initial face amount of $20,000 or less, designated by the purchaser for those expenses.

5026A graded death benefit policy typically
5027A modified premium whole life policy
5028Which statement about a flexible premium policy is correct?
5029In a group life insurance plan, the individual covered under the plan receives
5030Third-party contract insurance refers to a policy
5031Term insurance premiums for an annually renewable policy typically

Funeral and burial insurance is life insurance with an initial face amount of

Correct answer to question 5025

Explanation

More questions: Types of Life Policies