Another Name for Temporary Life Insurance Is

question 81

Multiple Choice

Another name for temporary life insurance is

• A) Whole life insurance.
• B) Straight life insurance.
• C) Ordinary life insurance.
• D) Term life insurance.
• E) Cash value life insurance.

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Definitions:

Present Intent

The current intention or determination of an individual to perform a particular act or to act in a particular manner.

Offeree

The person or party to whom an offer is made in a contract negotiation.

Offeror

The party in a contract negotiation that presents a proposal or offer to enter into an agreement with another party, known as the offeree.

Premium-Grade

Describes products or materials of superior quality that exceed the standard specifications.