Term Insurance.
(What is it.)
(What is it.)
Life insurance that gives protection for a specific period of time or until a certain age.
What is term life insurance.
Name the 2 currently sold whole life products Foresters sells.
Advantage plus and Planright.
This additional amount, which grows over time as premiums and investment earnings accumulate, is called the policy's __________.
What is cash value
a person in poor physical condition will pay higher premiums than someone in good physical condition.
What is insured's health.
When assessing life insurance needs, remember to consider ______________________.
What is social security survivor's benefits.
Most common type of term life insurance.
What is level term insurance.
Also called straight-life or ordinary-life insurance, a whole-life policy provides life insurance protection for your entire life as long as the policy remains in effect.
What is whole life.
annual _______ usually cost somewhat less per year than paying semi-annually, quarterly, or monthly.
What is premiums.
A person whose family has a history of heart disease, cancer,or other serious illness with a genetic component might pay higher premiums.
What is family health history.
life insurance costs can vary widely, so you need to______________________.
What is compare quotes from several companies.
Premiums are fixed, but the death benefit is gradually reduced over the life of the policy.
What is a decreasing term coverage.
You pay premiums for a set number of years or to a certain age, and then stop and coverage continues.
What is limited-pay life.
Some life insurance policies may pay you a _______, which is a share of the company's surplus.
What is dividends.
a person's ___ or _____ and its hazards can affect the cost of premiums.
What is occupation or hobbies.
A single adult who lives alone and does not contribute to anyone else's support probably needs ________________, life insurance--perhaps just enough to cover funeral expenses.
What is little, if any
Some policies guarantee you the right to renew your converge without having another physical examination or providing any evidence of insurability.
What is renewable provision on term certificates.
provides a guaranteed minimum rate of return on its investment component with a guaranteed interest rate and has many flexible features.
What is universal life.
in general, the average life expectancy for woman is longer than for men.
What is gender.
your ______________ can help you determine the amount of life insurance you need.
What is insurance agent
This type of policy allows you to change from term to permanent coverage without having a physical examination or providing any evidence of insurability.
What is the Conversion provision on term certificates.
What are the 2 death benefit options available on Universal life
Level death benefit and Increasing or Variable death benefit.
when the insured dies, the beneficiary must make a claim to the insurance company in order to receive the _______ of the policy.
What is death proceeds or benefits.
people will pay more for life insurance as they get older, since the chances of dying become statistically higher.
What is age of insured.
you can find out the anticipated amount by checking your annual ___________________ statement or contacting the __________________ Administration.
What is Social Security.