Some Disadvantages of Term Insurance Are That It Increases in Cost

question 78

True/False

Some disadvantages of term insurance are that it increases in cost when you renew it and that it has no value when it matures or you discontinue your policy.

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Definitions:

Discrimination

The unfair or biased treatment of diverse groups of individuals, particularly based on their race, age, gender, or disabilities.

Poverty Rate

The percentage of the population that lives below the national poverty line, indicating a lack of financial resources necessary for basic living conditions.

Canadian Seniors

Individuals of an advanced age, typically 65 years and older, residing in Canada, possibly concerning social policies, healthcare, and demographics.

Fertility Rates

The typical amount of offspring a female is expected to have throughout her life in a specific group.