Risk Management and Insurance > QUESTIONS & ANSWERS > LIFE INSURANCE ONLY CALIFORNIA (2022/2023) ALREADY PASSED (All)
LIFE INSURANCE ONLY CALIFORNIA (2022/2023) ALREADY PASSED LIFE INSURANCE ✔✔Insurance that pays out a sum of money either on the death of the insured person or after a set period. TERM LIFE INS... URANCE ✔✔Life insurance that pays a benefit in the event of the death of the insured during a specified term. *PURE *ONLY DEATH BENEFIT NO CASH VALUE WHOLE LIFE INSURANCE ✔✔Life insurance that pays a benefit on the death of the insured and also accumulates a *PERMANENT *DEATH BENEFIT & CASH VALUE. UNIVERSAL LIFE INSURANCE ✔✔Flexible permanent life insurance offering the low-cost protection of term life insurance as well as a savings element (like whole life insurance), which is invested to provide a cash value buildup. LOW PREMIUM & CASH VALUE VARIABLE LIFE INSURANCE ✔✔Permanent life insurance policy with an investment component. LEVEL TERM LIFE INSURANCE ✔✔Provides the sam [Show More]
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California Life Insurance Bundled Exams Questions and Answers (2022/2023) (Verified Solutions)
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