American_Bankers_Association
CTFA · Question #326
CTFA Question #326: Real Exam Question with Answer & Explanation
The correct answer is B. Term life insurance. See the full explanation below for the reasoning.
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
Community Discussion
No community discussion yet for this question.