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- Term life insurance allows a particular individual to buy a larger amount of insurance...

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Question

Finance

- Term life insurance allows a particular individual to buy a larger amount of insurance with a(n) _________ than whole life insurance.

Group of answer choices

. identical premium

. comparable

. larger premium

. smaller premium

- Which of the following is the key characteristic of term life insurance?

Group of answer choices

. Flexible premiums

. No cash value

. Selection of investment options

. Valid for an unlimited amount of time

- The right to renew a term life insurance policy without additional proof of insurability is known as

Group of answer choices

. level-premium guarantee

. guaranteed renewability

. permanent life protection

. the extended life rider

Answer & Explanation Solved by verified expert
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