The Concept of Insurance Is Best Described by What Term

A An agent in this context is a person who represents a principalIn insurance the position is made a little complex because insurance intermediaries may be described as Insurance Agents usually representing the insurer or as Insurance Brokers usually representing the insuredproposer as the case may beWithin the law of agency they are both agents. It is designed to protect the insured against the risk of death by providing cash value for their dependents.

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The term vision is best described as.

. It is based on describing motion without references to any forces that may be responsible for the motion. Which of the following best describes term life insurance. Explain the following termconcept.

The insured can borrow or collect the cash value of the policy. The policyholders eligibility can be renewed each year within the specified time without having to reapply or pass another medical check. The term kinematics is best described as the concept that is needed to described motion.

No one is invincible these days. The insured pays the premium until his or her death. The term kinematics is best described as the concept that is needed to described motion.

The insured pays the premium until his or her death. The insured pays a premium for a 4. Annual renewable term insurance ART is a type of term life insurance that lasts for a set period of time.

It does not cover any medical or financial risks after the term ends. This type of life insurance enables you to decide on the duration of your coverage. Who are the experts.

The insured can borrow or collect the cash value of the policy. Term life insurance is a type of life insurance policy that offers a specified period of coverage. The law of large numbers risk pooling and insurable interest.

Mathematicians who analyze statistical risk information for insurance companies are called. Experts are tested by Chegg as specialists in their subject area. C Are security instruments.

Which of the following best describes term life insurance. Insurance mcq legal concepts which of the following best describes a conditional insurance contract. The above things mentioned above will tell which of the following best describes term life insurance.

An ideal and unique image of the future. B Variable life with a cash value account. The insured is covered during his or her entire lifetime.

A An agent in this context is a person who represents a principalIn insurance the position is made a little complex because insurance intermediaries may be described as Insurance Agents usually representing the insurer or as Insurance Brokers usually representing the insuredproposer as the case may beWithin the law of agency they are both agents. The insured pays a premium for a specified number of years. It is based on describing motion.

The insured is covered during his or her entire lifetime. Which Best Describes The Purpose of Investing. Which of the following best describes term life insurance.

The state of affairs at the present. All of the following correctly describe risk pooling. The insured pays a premium for a specified number of years.

You are also wide-ranging whether you select a lengthier coverage maybe 10 to 20 years or even 25 to 30 years. Term life insurance vs whole life. Mar 21 2015 Search for an answer or ask Weegy.

Which of the following terms best describes the marketing concept. A universal life insurance policy is best described as aan. A clear view of the past.

A Annually renewable term policy with a cash value account. Life insurance is a contract between insurer and insured whereby the insurer agrees to compensate the insured a certain sum on the expiry of certain period or on death whichever is earlier. View the full answer.

Which of the following best describes term life insurance. The insured is covered during his or her entire lifetime. Not surprisingly the number one factor behind life insurance premiums is the age of the consequently youre better off taking out a policy before its too late.

Which of the following best describes term life insurance. The correct answer is. We review their content and use your feedback to keep the quality high.

The basic purpose of life insurance policy is to. Advertisement Remove all ads. The ART design was created specifically to fulfill the needs of short-term insurance.

Term life insurance is a type of insurance that provides coverage for a predetermined length of time. A transfer of of uncertainty of loss from the insured to the insurance company. In terms of health insurance moral hazard is a concept that is best described from ECONOMICS 415 at Kaplan University.

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