Insurance

When a person buys life insurance, he or she is making a contract with the company issuing the policy. He or she agrees to pay a certain amount of money - That is called ............................

• policy

• premium

• policyholder

• none of the above

In the return company agrees to pay a death benefit or a stated sum of money upon his or her death to his or her beneficiary.

• True

• False

.................................... Is a person named to receive the benefits of from the insurance policy

• Beneficiary

• Family

• Siblings

........ When money is paid to the policyholder if he or she is a live on the future, or maturity, date names on the policy.

• Endowment Policy

• Health Insurance

• Policy Insurance

List the purposes of life insurance

Premium is the amount of money paid by the insurance company to the policyholder

• True

• False

Premium is the amount of money paid by policyholder to company

• True

• False

A beneficiary is a person makes benefits to other people

• True

• False

In life insurance, company agrees to pay  death benefits

• True

• False

Multiyear Level Term is called straight insurance guarantees that you will pay the same amount of premium for the duration of the policy

• True

• False