Term Life
This type of life insurance is the least expensive
What is Term Life insurance?
This feature of Whole Life Insurance polices provides a way to offset premium payments
What is dividends?
This is the main characteristic of Universal Life insurance
What is flexibility?
This customer needs permenant coverage with added flexibility
What is Universal Life Insurance
This is the amount to be paid to beneficiaries when the insured person dies
What is the death benefit?
This type of customer may benefit from Term Life insurance, a young family on a budget or retiree seeking life-long coverage
What is a young family on a budget?
Whole Life Insurance builds this over time
What is cash value?
Universal Life policies may allow adjustments to these two things over time
What are premiums and death benefits?
This customer needs affordable coverage while raising young children
What is Term Life Insurance
This person receives the death benefit payout on the life insurance policy?
What is beneficiary?
Term life is often the most affordable option because it does not build this_________
What is cash value?
A 30 year term policy would provide coverage for this amount of time?
What is 30 years?
This feature offers a way for Universal Life polices to potentially increase the cash value.
What is indexing?
This customer wants life long coverage and predictable premiums
What is Whole Life insurance?
These permenant life insurance policies can build cash value
What are Whole and Universal Life insurance policies?
True or False? Whole Life Insurance premiums typically stay the same throughout the lifetime of the policy
What is true?
This customer only wants coverage until their mortgage is paid off.
What is Term Life Insurance
Whole Life insurance is often chosen by customers looking for stability and this type of coverage duration
What is life long coverage?
This customer wants the potential to increase cash value of their policy.
What is Universal Life insurance?