Which of the Following Statements Is Correct for Term Insurance

question 9

Multiple Choice

Which of the following statements is correct for term insurance?

• A)Premiums for term insurance remain constant.
• B)Term insurance is protection for a specified period of time.
• C)Term insurance has cash value.
• D)Term insurance is usually more expensive than whole life insurance.
• E)Not available in a form that pays less to the beneficiaries as time passes.

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Definitions:

Cost Savings

A reduction in expenses, achieving the same outcome for lower cost.

Care Management

The coordination of healthcare and social services to meet the needs of individuals with chronic conditions, ensuring they receive appropriate care across various settings.

IV Medication

Intravenous medication refers to drugs administered directly into the veins, offering a rapid onset of action.

Infusion Rates

The speed at which a liquid substance, such as medication or nutrition, is administered intravenously over a set period.