If You Want to Purchase Term Insurance, You Will Receive

question 35

Multiple Choice

If you want to purchase term insurance, you will receive all of the following except

• A) Protection against loss of life for only a specified term.
• B) Cash value.
• C) Temporary insurance.
• D) A benefit during the period it covers, such as 1, 5, 10, or 20 years.
• E) A policy whose coverage continues if you stop paying premiums.

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Definitions:

Incremental Cash Flow

The additional cash flow a business expects to generate from a particular investment or decision.

Annual Salary

The amount of money a person earns from their job in a year.

Contractual Obligation

A legal duty established by a contract between parties, enforceable by law.