Life and Health Unit 3 Quiz

Which of the following factors does NOT have
an effect on the insurance premium rates?

Which of the following types of insurance has
premiums that are due weekly and are collected
in person by producers who go door to door?

Which of the following describes an employer
that agrees to pay an employee a stated amount
of income beginning at retirement rather than
paying them the money now?

All of the following are examples of buy-sell
agreements EXCEPT

All of the following are examples of an insurable
interest EXCEPT

Which of the following terms refers to how
easily an asset can be turned into cash without
loss of value?

When the owner of a life insurance policy is
not the insured, there are three parties to the
contract. Which of the following is not a party
to this type of contract?

Which of the following classes of life insurance
has a death benefit only, increasing premiums
temporary coverage and expires at end of the
term?

Which of the following premiums is the
mortality element minus the interest element?

All of the following are names of distinct
income need periods EXCEPT