Which of the Following Is False Concerning Term Life Insurance

question 37

Multiple Choice

Which of the following is false concerning term life insurance?

• A)The premiums increase as you renew the policy
• B)It will expire and be of no value if not renewed
• C)Has a cash value or savings feature as long as you keep the policy active
• D)It provides the same amount of cash to a beneficiary as whole life policies

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Definitions:

Incarceration

The act of confining someone in a prison or similar facility.

Compensatory Damages

Compensatory Damages are awarded in civil lawsuits as a monetary compensation to the plaintiff for losses or injuries suffered due to the defendant's actions.

Breach of Contract

The failure to perform as specified in a contract without a legitimate legal excuse.

Statute of Frauds

A legal concept that requires certain types of contracts to be executed in writing and signed by the party to be charged, in order to be enforceable.