American_Bankers_Association
CTFA · Question #326
Insurance that provides only death benefits, for a specified period, and does not provide accumulation of cash value is called:
The correct answer is B. Term life insurance. See the full explanation below for the reasoning.
Investment Management
Question
Insurance that provides only death benefits, for a specified period, and does not provide accumulation of cash value is called:
Options
- AStraight term policy
- BTerm life insurance
- CDecreasing term policy
- DRenewability
How the community answered
(24 responses)- A8% (2)
- B71% (17)
- C4% (1)
- D17% (4)
Topics
#term life insurance#death benefits#no cash value#insurance types
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