Have an account?
Skip to Content
Build your own quiz
15 questions
Show Answers
See Preview
- 1. Multiple ChoiceWhy do most people invest in life insurance polices?To provide them with a way of protecting their assets, like savings and investmentsTo replace the lost income to their families after they dieTo pay for final expenses, like funeralsAll of these
- 2. Multiple ChoiceA young married Dad is applying for life insurance. Which of the following factors is not used to determine how much he'll pay for insurance?His level of physical fitnessHis ageWhere he livesHis job
- 3. Multiple ChoiceCan life insurance companies charge smokers more money for life insurance than nonsmokers?YesNo
- 4. Multiple ChoiceWho usually pays more for life insurance?MenWomen
- 5. Multiple ChoiceWhich of the following people do you think would need life insurance the most?A single working mom with two kidsA single college grad without dependents starting his first jobA single wealthy businesswoman without dependentsAn elderly retired man with a wife who is also retired
- 6. Multiple ChoiceAn insurance policy can provide more than a death benefit.TrueFalse
- 7. Multiple ChoiceA life insurance policyholder suddenly becomes ill and her health begins to decline. Her insurance company can't cancel the policy while it is in force, but can increase her rates.TrueFalse
- 8. Multiple ChoiceIf an adult is on a limited budget and has a significant need for life insurance coverage, her best option will probably be:Permanent Life InsuranceCash Value Life InsuranceTerm Life InsuranceWhole Life Insurance
- 9. Multiple ChoiceA young couple decides to purchase a 10-year term life insurance policy. What should they expect?The annual premium payments will stay the same for 10 yearsThe annual premium payments will increase each year for the life of the policyThe annual premiums will decrease after 10 yearsThe annual premiums will decrease each year they have the policy
- 10. Multiple ChoiceA 45 year old man with a full time job, a wife who works part-time, and three children under 12 is considering buying life insurance. Which of the factors below should have the most influence on his decision?His ageHis financial statusHis familyHis employer
- 11. Multiple ChoiceAmount paid for insurance policy.policywhole lifepremiumclaim
- 12. Multiple ChoiceA contract issued by the insurance company for coverage of the policyholder.whole lifepremiumpolicyclaim
- 13. Multiple ChoiceDeath benefit: Amount paid to the beneficiary upon the death of the insured.TrueFalse
- 14. Multiple ChoiceCash surrender value: The amount that the insurer has agreed to pay to the insured if a life insurance policy is canceled before the insured's death.TrueFalse
- 15. Multiple ChoicePermanent policy for which you pay a specified premium each year for the rest of your life.Whole lifeVariable lifeUniversal lifeTerm insurance
- Answer choicesTagsAnswer choicesTags