The least expensive form of whole life insurance protection is:   A. limited payment. B. term. C. universal. D. straight life

Q: Compare whole-life and term insurance.

A: Insurance is a legal agreement between an insurer (insurance company) and an insured person.

Q: Most life insurance riders are expensive. O True False

A: An insurance policy is purchased in order to receive coverage for damages or losses that might occur…

Q: s it still beneficial for a person to have an insurance policy? Explain your answer in detail.

A: Insurance Policy - It is a written document between the insurer and policy holder. In which insurer…

Q: you will suggest to someone, which is better to have a life insurance or non life insurance? Why?

A: Life insurance is related to death benefits and non life insurance is related to physical assets…

Q: What is meant by the expression, “The policyholder gets the benefit of the doubt,” in connection…

A: All insurance policies favour the insured person if there is any doubt etc benefits of doubt is…

Q: beneficiary of a life insurance policy is

A: Beneficiary of a life insurance policy is the person who receives money from the insurance company…

Q: The policy holder who receives the coverage is called ________________. a. Premium b. Face value c.…

A: There are various terminology used in insurance business

Q: Which of the following is not an insurance management tool? Group of answer choices deductibles.…

A: Insurance management: Insurance Management is the administration of all insurance requirements, both…

Q: 11. Which of the following is NOT the features of investment-linked insurance? O A. The insured can…

A: A life insurance plan that combines investment and protection is referred to as an investment-linked…

Q: Which of the followings is NOT correct about life insurance? a. To meet an insured person's debts…

A: The question is multiple choice question. Required  Which of tje following is not correct about life…

Q: If the insured outlived the life insurance policy, the proceeds shall be taxable to the beneficiary…

A: If the insured outlived the life insurance policy, he/she will get his/her premium back, this…

Q: Explain the differences between a collision deductible and a health insurance deductible. In health…

A: Health insurance deductible refers to the amount paid by the insurer from his/her own resource…

Q: The policy holder who receives the coverage is called O a. Premium O b. Insured O. Face value O d.…

A: Insurance is a term used for the security provided in monetary terms by an insurance company to a…

Q: Term life insurance: (select all that apply) is the least expensive form of life insurance. provides…

A: There were different types of life insurance plan were available in the market. Term life…

Q: dissimilar to the other three options? d. Motor insurance b. Personal property insurance С. Life…

A: The answer for the multiple choice question and relevant explanation are presented hereunder :

Q: Insuring clause in an Accident & Health policy states which of the following information? A. The…

A: There are different clause in the insurance policy that what is covered and what is not covered and…

Q: Which principles ensures that an insured does not profit by insuring with multiple insurers?

A: The Principles of Contribution ensures that an insurance that an insured does not profit by insuring…

Q: Disadvantages of Whole Life insurance include... Group of answer choices -More expensive than Term…

A: Whole life insurance guarantees payment of a stated benefit for the life of the insured person. It…

Q: 5. Which of the following actions showcases the principle of "uberrima fides"? O A. Lying about…

A: Uberrima fides is a Latin word which means "utmost good faith".

Q: Discuss the potential for adverse selection when insureds exercise the renewability or…

A: In the insurance industry, adverse selection refers to situations in which an insurance company…

Q: Having convertible term life insurance is especially be nealth issues as you age. True O False

A: In this type of policy insurance company allow to change term policy to whole life insurance policy…

Q: List the few factors you should consider when evaluating the benefits of health insurance .What are…

A: Unlike the process a few years ago, buying health insurance was similar to buying a train ticket.…

Q: Which of the followings is NOT correct about life insurance? O a. To meet an insured person's debts…

A: Insurance means where insurance company agree to pay the specified amount to insured person in case…

Q: Which of the following items is required by the Life Insurance and Annuity Replacement Rule? A. A…

A: The answer is stated below:

Q: Which of the following statements about life insurance is NOT accurate? a) permanent insurance puts…

A: Permanent life insurance is the insurance policy that covers the whole life whereas term life…

Q: e insurance and non life insurance saves the assets of its pilicy ho

A: Life insurance and nonlife insurance are two different category of insurance schemes.

Q: Examples of health insurance offsets include all of the following, EXCEPT: a) Co-pays b)…

A: The question is based on the concept of health insurance and cover under the health policy.

Q: Which type of life insurance allows for flexible premium payments? Term life insurance Universal…

A: Flexible premiums ensure adjustments in the premiums which are beneficial for the insurance policy…