American_Bankers_Association
CTFA · Question #327
It is a term life policy written for a given number of years with coverage remaining unchanged throughout the effective period. What is it?
The correct answer is A. Straight term policy. See the full explanation below for the reasoning.
Investment Management
Question
It is a term life policy written for a given number of years with coverage remaining unchanged throughout the effective period. What is it?
Options
- AStraight term policy
- BTerm life insurance
- CDecreasing term policy
- DRenewability
How the community answered
(45 responses)- A84% (38)
- B9% (4)
- C2% (1)
- D4% (2)
Topics
#straight term policy#level coverage#term life insurance#policy types
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