Life Insurance Treasure Hunt.docx

Life Insurance Treasure Hunt.docx - Life Insurance Treasure...

Info icon This preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Life Insurance Treasure Hunt 1. Do group life insurance plans through employers and unions have to accept everyone within the group? - Yes they have to accept everyone in the group. 2. What is a Convertibility Option? - It permits policyholder to convert to permanent insurance. Does not require proof of insurability. 3. Please explain the Suicide Clause in your own words. - It protect the insurers for people who buy insurance to pass onto their dependents before committing suicide. 4. Why is Whole Life more advantageous in the long run? a. If you plan on having insurance for more than 20 years it is usually more advantageous to have whole life insurance. b. Annual premiums are initially higher than term, but in the long run they may become less since they stay level. 5. At what age does Permanent Insurance end? - Permanent insurance end at the age of 100. 6. Doubles the death benefit if the insured dies by accident rather than by natural causes is called Accidental Death Rider.
Image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern