Loma 281 module 2 - Study guides, Class notes & Summaries

LOMA 281 Module 2 Latest 2023 Graded A+ Term Life insurance Insurance that provides a policy benefit if the insured dies during a specified period of time. Policy term The specified period of time for which a term life insurance policy provides coverage. Level Term life insurance A plan of term life insurance that provides a policy benefit that remains the same over the term of coverage. Decreasing term life insurance A plan of term life insurance that provides a policy benefit that decrease ...

LOMA 281 MODULE 2 QUESTIONS AND ANSWERS

LOMA 281 Module 2 Exam Questions and Answers

LOMA 281 Module 2 Study Questions and Answers Top-Rated correctly Which type of whole life insurance policy will best be able to give Arabella lifetime protection without straining her retirement income? Single-premium whole life policy Limited-payment whole life policy Continuous-premium whole life policy - answerB Financial needs life insurance can meet - answer- paying household expenses - covering outstanding debts - Paying outstanding medical, hospital, and funeral expenses, - pro...

LOMA 281 Module 2 Lesson 1 - Term Life Insurance Exam

LOMA 281 Module 2 Exam || Questions & Answers (Graded A+) LOMA 281 Module 2 Exam || Questions & Answers (Graded A+) Assume that Caryer has life insurance on his own life. Select the box beside each financial need that you think life insurance can meet Paying household expenses (utility bills, food, clothing, etc) Covering outstanding debts (mortgage and car loans, etc) Paying future outstanding medical, hospital, and funeral expenses Providing financial support for the family Funding ...

Term Life insurance - ANSWER Insurance that provides a policy benefit if the insured dies during a specified period of time. Policy term - ANSWER The specified period of time for which a term life insurance policy provides coverage. Level Term life insurance - ANSWER A plan of term life insurance that provides a policy benefit that remains the same over the term of coverage.

Which type of whole life insurance policy will best be able to give Arabella lifetime protection without straining her retirement income? Single-premium whole life policy Limited-payment whole life policy Continuous-premium whole life policy correct answers B Financial needs life insurance can meet correct answers - paying household expenses - covering outstanding debts - Paying outstanding medical, hospital, and funeral expenses, - providing financial support for the family - fundi...

Term Life insurance - ANSWER Insurance that provides a policy benefit if the insured dies during a specified period of time. Policy term - ANSWER The specified period of time for which a term life insurance policy provides coverage. Level Term life insurance - ANSWER A plan of term life insurance that provides a policy benefit that remains the same over the term of coverage. Decreasing term life insurance - ANSWER A plan of term life insurance that provides a policy benefit that decreas...

LOMA 281 Module 2 Exam Questions and Answers (verified Answers) New 2024