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2 Written questions

2 Multiple choice questions

  1. The simplest form of life insurance, this policy pays a specific lump sum to beneficiaries upon the death of the insured
  2. Sometimes called ordinary life; this policy has a fixed guarantee rate as well as a cash value that can be drawn on when the policy matures

1 True/False question

  1. UniversalThis policy allows the policy owner to change the death benefit, premium and payment frequency throughout the policy period.