Quiz
Whole Life Insurance vs. Term Insurance Sort
Questions in this quiz (10)
1This insurance is a good choice for young people who can't afford the higher costs of permanent insurance, or for people with financial obligations that will disappear in time, such as a car loan or a mortgage.
- AWhole Life
- BTerm
2This insurance has a cash value.
- AWhole Life
- BTerm
3You buy this policy with a specified term period, usually one, five, or ten years.
- AWhole Life
- BTerm
4Unless you make a change to your policy, you have lifelong coverage with no future medical exams.
- AWhole Life
- BLife
5Premiums are generally much cheaper than cash-value policies.
- AWhole Life
- BTerm
6This is a good choice for young people, who are unable to afford the higher cost of permanent insurance right now.
- AWhole Life
- BTerm
7Your premium will remain constant during the time you are covered unless you choose otherwise.
- AWhole Life
- BTerm
8The risk with this life insurance is that your health might deteriorate and you could be unable to get another policy once the policy expires.
- AWhole Life
- BTerm
9With this life insurance policy the costs are spread out over your entire life.
- AWhole Life
- BTerm
10If you are interested in using the policy as a form of savings, consider this type of life insurance policy.
- AWhole Life
- BTerm
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- Description
- Quiz on Whole Life Insurance vs. Term Insurance Sort, created by Shannon Anderson-Rush on 13/06/2019.
- Author
- Shannon Anderson-Rush
- Language
- English
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