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Describe three advantages of term insurance

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1. Describe three advantages of term insurance.

2. Describe three advantages universal life offers over whole life coverage.

3. Describe the death benefit options available in universal life policies

4. Illustrate one reason someone would buy a joint - last - to - die life insurance policy

5. Explain the 10-day right of recission.

6. Explain what the incontestability clause means in a life insurance policy

7. Explain why you must be very careful when naming a beneficiary as irrevocable

8. Explain the difference between collateral assignment and absolute assignment

9. Explain what is a policy gain.

10. In accident/disability policies there is a deductible. Explain the difference between deductible and co-insurance.

Reference no: EM133038304

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