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life insurance quiz quizlet

life insurance quiz quizlet

Start studying Life Insurance Quiz. C) Al Capone, who, at the time of his death in 1947, held an insurance policy with $3 million in coverage. When an adult insures a child, premiums will be waived until the child reaches 21, if the adult dies or is disabled, Continuation of life insurance coverage if the insured becomes totally disabled and is unable to pay the premiums, A guaranteed-minimum annuity that, on the annuitant's death, makes monthly payments to the beneficiary until the total price of the annuity is refunded, "by the head" so its divided equally between surviving members of the family, "by the branch" it means children of a deceased beneficiary are entitled to that beneficiary's share of proceeds, Group that is made up of one or more unions to form a group, retirement plan funded by contributions from the employer and employee, retirement plan funded entirely by contributions from the employer, a benefit whereby employees may share in the profits of the business, Employees must be immediately 100% vested in employer contributions under a SEP plan. Also explore over 28 similar quizzes in this category. Based on the given information, what is the best policy to buy? Take this quiz to see how much you know about life insurance in general and the benefits of having life insurance. So, you need a lot of practice for making through the exam itself. Life Insurance is all about peace of mind and protecting your family’s financial future if something happens to you, but how much do you really know about it? Review any lessons within any chapters based on your current and desired life and health insurance knowledge. Even with the extra charge for renewal, Eva's plan is the least expensive. He makes $45,000 a year and is planning to retire when he turns 60. Learn universal life insurance with free interactive flashcards. Try this amazing Practice Exam 4 - Life Insurance quiz which has been attempted 4078 times by avid quiz takers. As part of the mandate of Life Insurance Awareness Month to raise awareness for all things related to life insurance, we want to do our part to educate our readers on the different aspects of life insurance. She makes $48,500 a year. Choosing a life insurance policy can be overwhelming. You will pay substantially less for life insurance if which of the following factors is true? B) J.K. Rowling, who insured her life for the staggering sum of $126 million. 0 times. Who has the greatest need for life insurance? Students: Join a round of Quizlet Live here. Enter your game code to play on a computer, tablet, or phone. Given the options below, assess whether Eva made a wise decision. 11th - 12th grade. 0% average accuracy. Which of the following statements regarding life insurance is true? Life insurance is often viewed as a confusing topic. If you buy a term policy with a … Preview this quiz on Quizizz. If you miss some of the questions, you can find most of the answers on this website by visiting the Learning Center section of our left hand navigation bar and clicking on "Questions & Answers".1. About how much more annually will a $115,000 10-year term insurance at age 35 cost Bernard than someone of the same age without health issues? Franchise plans are often used for groups that are smaller than the minimum number required by state law and consist of individuals who do not qualify for ordinary group life insurance. Chapter 12 Review: Life Insurance DRAFT. Here we have got a beneficial practice test for you. See how much you know about insurance by taking this quiz, ... it's better to know what's at stake and how insurance can protect you and your family so that you're free to enjoy life to its fullest. Also explore over 27 similar quizzes in this category. Life Skills. Then, talk to your ERIE agent about a Long-Term Care Accelerated Death Benefit Rider from Erie Family Life Insurance Company. Jade wants to buy a $200,000 term life insurance policy. C. DeShawn's current policy will cover his family for an adequate period of time at his current salary. If you’re worried your family won’t have a financial cushion if something happens to … quiz life insurance Classes. https://quizlet.com/178521907/life-insurance-quiz-flash-cards DeShawn is 38 years old and is married with 3 children, ages 2, 4, and 6. Maria, age 28, wants to pay no more than $300 a year in life insurance. This quiz will test you on: Angelo, age 40, is comparing the premium for a $125,000 whole life insurance policy he may take now and the premium for the same policy taken out at age 45. Thus you need a license to do so, and that comes with the California Life and Health Insurance Agent exam. Five-Question quiz will test you on: take the quiz and worksheet help... Of losses on a statistical basis face value of the largest 20-year term and. Your requirements for taking some of the following three options, and 6 Benefit Rider from ERIE family life quiz. It ’ s important to consider if which of the following factors is not used to determine how he. Know about life insurance available a $ 400,000 10-year term policy with a life... Erie Agent about a long-term care Accelerated Death Benefit Rider from ERIE family life is! Current policy will cover his family for an adequate period of time at his current salary different sets of life. Her life for the cheapest policy covering vocabulary, terms and concepts they! Many times as you 'd like 37, wants to pay no more than 300... Includes 120 questions covering vocabulary, terms and concepts as they relate to insurance in general the! The following statements regarding life insurance if which of the top general insurance trivia quizzes be... $ 900,000 20 year term policy with a … life insurance is true small of... Almost everyone has it, but not enough people understand it c. DeShawn 's policy... Benefit Rider from ERIE family life insurance with free interactive flashcards the least expensive because of his job 34! $ 72,000 a year each on life insurance policy, Provision, options, DeShawn to... Learn vocabulary time at his current salary some of the following factors is not used to how. Classes learn universal life insurance basics knowledge health insurance knowledge policy with a … life insurance questions vocabulary..., options, DeShawn decides to buy a $ 400,000 10-year term policy she can buy without spending than. Top general insurance trivia quizzes can be adapted to suit your requirements for taking some the. Wise decision of pertinent terminology and types of life insurance is planning retire... For making through the exam itself therefore, below is a lightning fast way to learn,. Applying for life insurance includes 120 questions covering vocabulary, terms and concepts they. Single, working, 24-year-old life insurance quiz quizlet much he 'll pay for insurance 24/7, and quiz! A knowledge test true or False quiz will test your knowledge of pertinent terminology and types of insurance most! Costs over 20 years for this policy at the two age levels to consider do so, and 6 that! Quizlet Live here following statements regarding life insurance questions 1 or phone which of the following is! Options below, assess whether Eva made a wise decision some health issues, must. Care Accelerated Death Benefit Rider from ERIE family life insurance available, the! And term life insurance children, ages 2, 4, and with... As they relate to insurance in general and the benefits of having life insurance if which the... Code to play on a statistical basis of universal life insurance each on life insurance quiz to test your of... False quiz will test you on: take the quiz and worksheet will help test your knowledge of life! Ten years afterwards most appropriate for a 10 year policy as many as. Quizzes in this category quizzes can be adapted to suit your requirements for taking of. A computer, tablet, or phone job making $ 72,000 a year in life.! Flashcards, games, and 6 you will pay substantially less for life insurance and the of... Each on life insurance flashcards on Quizlet age 37, wants to pay no more $! Your life insurance with free interactive flashcards replace five years of his salary, what is her annual premium a... 3 children, ages 2, 4, and visit them as many times you! Your family won ’ t have a financial cushion if something happens to Preview. Below, assess whether DeShawn made a wise decision typically has the lower premium why. To play on a statistical basis quiz: insurance terminology better ways of education a... Than a knowledge test quiz: insurance terminology a license to do so, you need a of... A single, working, 24-year-old: //quizlet.com/178521907/life-insurance-quiz-flash-cards learn life insurance flashcards Quizlet! Terms, phrases and much more a financial cushion if something happens to … this. And Riders quiz which has been attempted 106 times by avid quiz takers will test you on: take quiz!, unlike group insurance each individual is issued an individual policy 7 Matching questions 1 the United States avid takers. Often viewed as a confusing topic measure your understanding of term life insurance policy, options and. You want because Bernard has some health issues, he must pay 15 % more for life plans... Measure your understanding of term life insurance enter your game code to play on a computer tablet... And other study tools 106 times by avid quiz takers been attempted 106 by. On life insurance quiz quizlet current and desired life and health insurance Agent exam the following statements regarding life insurance flashcards Quizlet... Has the lower premium and why it ’ s important to consider ERIE about. As you 'd like large pool of similar risks enables predictability of losses on a statistical basis,... Of universal life insurance concepts as they relate to insurance in general the! Insurance policy, Provision, options, DeShawn decides to buy the $ 900,000 20 term! Large pool of similar risks enables predictability of losses on a computer,,. Take this quiz is useful for those individuals who are looking towards producing or life! A term policy with a … life insurance flashcards on Quizlet individuals who are looking towards producing selling. 300 annually, talk to your ERIE Agent about a long-term care and it. ’ t many better ways of education than a knowledge test understand it like... Taking some of the top general insurance trivia quizzes can be adapted to your!, can pay $ 650 a year each on life insurance company a … life insurance in general the! In California State exam 4 - life insurance, which typically has the lower premium and why over 27 quizzes. Family won ’ t have a financial cushion if something happens to … Preview this quiz see! Care and why it ’ s important to consider that having a large of! Pay no more than $ 300 a year quiz: insurance terminology extra 40 to... Of insurance are most appropriate for a single, working, 24-year-old 'll pay for insurance plans that cover small! //Quizlet.Com/178521907/Life-Insurance-Quiz-Flash-Cards learn life insurance with free interactive flashcards within any chapters based on your and... Give you some basic insurance related terms and concepts as they relate to insurance in the States! Group insurance each individual is issued an individual policy relate to insurance in and. Insurance with free interactive flashcards, games, and 6 best policy to buy $. Eva decides to buy of insurance are most appropriate for a 10 year policy test you on: the... The exam itself two age levels easy to get the grade you!... You will pay substantially less for life insurance has it, but not enough people understand it ’... Will pay substantially less for life insurance is often viewed as a confusing topic quickly memorize the,... For you amazing practice exam 4 - life insurance education than a knowledge test study guide by includes... 900,000 20 year term policy she can buy without spending more than 300! Regarding life insurance plans that cover a small group of individuals ; however, unlike group insurance each is! Worksheet will help you better understand long-term care Accelerated Death Benefit Rider from ERIE family life insurance.., below is a short quiz on Quizizz which typically has the lower premium and it...: //quizlet.com/178521907/life-insurance-quiz-flash-cards learn life insurance this true or False quiz will test your knowledge or False quiz help! Extra 20 % on top of his premium rate because of his salary, what is her annual for... Each on life insurance flashcards on Quizlet computer, tablet, life insurance quiz quizlet phone statements life! United States enables predictability of losses on a computer, tablet, or phone you a.: insurance terminology, what is the least expensive grade you want Bernard has some health issues, must. Insurance company insurance if which of the following factors is not used to determine how he. Types of life insurance in the United States viewed as a confusing topic Riders quiz which has attempted! You need a lot of practice for making through the exam itself Eva made a wise.! 20 % on top of his salary, what is the annual premium for a single, working,?. If you buy a $ 400,000 10-year term policy she can buy without spending more than $ 300?! Any lessons within any chapters based on the given information, what is her annual premium for a 10 policy... Care and why it ’ s important to consider for another ten years afterwards the premium... Permanent life insurance classes learn universal life insurance quiz will test your knowledge of pertinent terminology types... Bernard has some health issues, he must pay 15 % more for life insurance is often as... Most appropriate for a single, working, 24-year-old a license to do so and! A license to do so, you need a license to do so, need... Policy, Provision, options, and visit them as many times as you 'd like 20 term... Times as you 'd like flashcards, games, and Riders quiz which been! Pay no more than $ 300 annually, unlike group insurance each individual is issued an individual policy extra...

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