A Term Life Policy Is the Least Expensive Way to

question 24

Multiple Choice

A term life policy is the least expensive way to

• A) build a big estate when you die.
• B) insure your life and provide for your responsibilities in the event of unexpected death.
• C) save for your retirement years as the policy builds cash value.
• D) insure your health, ability to work and your life all in one policy.

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Definitions:

Progressive Insurance

An insurance company that offers policies for vehicles, property, and other personal assets, known for offering customized coverage options.

Driving Patterns

The behaviors and habits of drivers, including speed, routes taken, and times of travel, which can impact fuel consumption, traffic flow, and road safety.

Safety Equipment

Tools and devices designed to protect individuals from injury or harm, especially in workplaces.

Expected Loss

The anticipated amount of loss a party might suffer in an investment or venture, taking into account the likelihood of various outcomes.