1. What is the advantage of term life insurance? lifetime insurance as long as premiums are...

1.

What is the advantage of term life insurance?

lifetime insurance as long as premiums are paid

forced savings

high rates of investment return

more coverage per premium dollar

2.

Which of the following policy features typically cost extra?

Both waiver or premium and guaranteed insurability

Waiver of premium

Nonforfeiture values

Guaranteed insurability

3.

Expert Solution

Question 1:

Solution: Advantage of term life insurance is:

Lifetime insurance as long as premium is paid.

Question2:

Solution:All the rider options in insurance cost some extra premium on base premium (5%-25%), However non forfetiure cost typically more among all 4 options.

jeff jeffy answered 2 years ago

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