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term insurance is appropriate if the amount of income that can be spent on life insurance is |
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term insurance is appropriate if the need for protection is |
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term insurance can be used to guarantee |
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term insurance premiums increase at an increasing rate and eventually reach |
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at the time of writing, premiums are rising, which will make it more difficult for policy owners to keep what type of insurance? |
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term insurance is inappropriate if you wish to
(unless it is supplemented with an investment plan) |
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save money for a specific need |
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with decreasing term insurance, if you become uninsurable, you must convert the remaining insurance to a permanent plan to |
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freeze the remaining amount of insurance |
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if you become uninsurable with decreasing term insurance, and the policy is not converted to a permanent policy to freeze it, the insurance protection continues to |
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decline even though you are uninsurable |
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does not provide for changing needs, such as birth of a child or provide an effective hedge against inflation |
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decreasing term insurance |
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a cash-value policy that provides lifetime protection |
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in what type of insurance is a stated amt paid to designated beneficiary when the insured dies, regardless of when the death occurs |
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also called continuous premium whole life insurance and straight life |
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a level-premium policy that provides lifetime protection to age 100 |
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if the insured is still alive at age 100, the face amt of insurance is paid to the policy owner at that time |
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in ordinary life insurance, premiums are what throughout the premium paying period? |
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