Almost everyone has it, but not enough people understand it. Take this quiz to see how much you know about life insurance in general and the benefits of having life insurance. Preview this quiz on Quizizz. A young married Dad is applying for life insurance. Preview this quiz on Quizizz. quiz life insurance Classes. About This Quiz & Worksheet. Sample Decks: Life Insurance Policy Options, Life Insurance Policy Options Quiz Questions, Life Insurance Policy Provisions Quiz Questions Show Class Life and Health Insurance (including Nevada state specific) Life and Health Insurance (including Nevada state specific) Flashcard Maker: Ally Ramirez. Life Insurance study guide by kyleb00 includes 120 questions covering vocabulary, terms and more. If Jesse wants to buy a $75,000 10-year term life insurance policy, and the annual premium rate (per $1000 of face value) for his age group is $2.34, how much is Jesse's annual premium. Eva decides to buy a $400,000 10-year term policy and then renew the policy for another ten years afterwards. 0% average accuracy. To renew the policy the insurance company charges an extra 40% to her premium rate. All questions will be multiple choice. About how much more annually will a $115,000 10-year term insurance at age 35 cost Bernard than someone of the same age without health issues? Even with the extra charge for renewal, Eva's plan is the least expensive. In order for your spouse to get life insurance money if you die, he or she needs to be the owner of your policy. Students: Join a round of Quizlet Live here. Also explore over 27 similar quizzes in this category. Which types of insurance are most appropriate for a single, working, 24-year-old? About how much is the face value of the largest combination of policies they can buy without spending more than a combined $1,300 annually? 0 times. Access the lessons anytime 24/7, and visit them as many times as you'd like. Learn vocabulary, terms, and more with flashcards, games, and other study tools. This quiz and worksheet combination will help test your knowledge of pertinent terminology and types of life insurance available. Which of the following factors is not used to determine how much he'll pay for insurance? Choosing a life insurance policy can be overwhelming. A comprehensive database of general insurance quizzes online, test your knowledge with general insurance quiz questions. This quiz will test you on: Search Create Log inSign up 7 Matching questions 1. So, you need a lot of practice for making through the exam itself. A) David Geffen, producer, music mogul and film executive, who held a life insurance policy with a $100 million coverage amount. Using the premium table, what is her annual premium for a 10 year policy? True or false? Try this amazing Practice Exam 4 - Life Insurance quiz which has been attempted 4078 times by avid quiz takers. Quizlet flashcards, activities and games help you improve your grades. Jade wants to buy a $200,000 term life insurance policy. Our online general insurance trivia quizzes can be adapted to suit your requirements for taking some of the top general insurance quizzes. True or false? 11th - 12th grade. Take this free practice test to get an idea of what is on your state's life and health insurance agent licensing exam.. As an insurance agent, one is allowed to offer many different lines of coverage – provided that the required training and testing qualifications have been met. Quiz & Worksheet Goals. Life Insurance plans that cover a small group of individuals; however, unlike group insurance each individual is issued an individual policy. Franchise plans are often used for groups that are smaller than the minimum number required by state law and consist of individuals who do not qualify for ordinary group life insurance. DeShawn is 38 years old and is married with 3 children, ages 2, 4, and 6. Take this quiz and find out. Sherita, age 37, wants to pay no more than $750 a year in life insurance. Questions. Try this amazing Life Insurance Policy, Provision, Options, And Riders quiz which has been attempted 106 times by avid quiz takers. Who has the greatest need for life insurance? You will pay substantially less for life insurance if which of the following factors is true? Life insurance is often viewed as a confusing topic. Also explore over 28 similar quizzes in this category. She is 34 years old. Use this quiz and worksheet combo to quickly assess what you know about the different options available for those seeking a whole life insurance policy. Given DeShawn's scenario, assess whether DeShawn made a wise decision. Between permanent life insurance and term life insurance, which typically has the lower premium and why? Quizlet is a lightning fast way to learn vocabulary. 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