Management Notes

Reference Notes for Management

K is looking to purchase Renewable Term insurance. Which of these types of Term insurance may be renewable?

K is looking to purchase Renewable Term insurance. Which of these types of Term insurance may be renewable

K is looking to purchase Renewable Term insurance. Which of these types of Term insurance may be renewable?

 Options:

Increasing
Decreasing
Adjustable
Level

The Correct Answer Is:

  • Level

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A(n) __________ Life policy offers the owner investment in products such as money-market funds, long-term bonds and equities.

A(n) __________ Life policy offers the owner investment in products such as money-market funds, long-term bonds and equities.

A(n) __________ Life policy offers the owner investment in products such as money-market funds, long-term bonds and equities.

 Options:

Adjustable
Term
Universal
Variable

The Correct Answer Is:

  • Variable

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