IIA
IIA-CFSA · Question #213
These policies provide a death benefit when the insured dies during a specified period. The term of this type of policy is usually not less than one year, but may be up to 40 years or more. It…
The correct answer is A. Term life insurance policies. See the full explanation below for the reasoning.
Question
These policies provide a death benefit when the insured dies during a specified period. The term of this type of policy is usually not less than one year, but may be up to 40 years or more. It provides only temporary protection because coverage ends at the end of the term of coverage stated in the policy. What are these?
Options
- ATerm life insurance policies
- BLevel term insurance policies
- CDecreasing term life insurance policies
- DWhole life insurance policies
How the community answered
(41 responses)- A83% (34)
- B2% (1)
- C5% (2)
- D10% (4)
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