Asked by Maria Puisseau on Jul 06, 2024
Verified
The ________ type of life insurance provides coverage for a specified term.
A) Whole-life
B) Term-life
C) Surrender-life
D) Useful-life
E) Entire-life
Term-Life Insurance
Life insurance that provides coverage for a specified term.
Specified Term
A fixed-duration period explicitly stated in a contract or agreement, after which the contract may expire if not renewed.
- Determine the various types of insurance (for instance, property, health, liability, life) and their intended purposes.
Verified Answer
NH
Nurhamizah HazriJul 11, 2024
Final Answer :
B
Explanation :
Term-life insurance is designed to offer financial protection for a specific period of time, such as 10, 20, or 30 years, hence the term "term-life" indicates its temporary coverage nature.
Learning Objectives
- Determine the various types of insurance (for instance, property, health, liability, life) and their intended purposes.
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