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:

Production Costs

The total expenses incurred in the process of making or manufacturing goods, including materials, labor, and overhead costs.

Hospital

A health care facility that provides treatment and care to patients with varying medical conditions, often equipped with specialized staff and equipment.