Analyze the costs and benefits of term and permanent (whole) life insurance such as the cost of premiums, dividends, accumulation of cash value, tax treatment of death benefits, and protection from creditors of death benefits and cash values
Estimate the amount of life insurance needed using a needs approach or an earnings multiple approach
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Q 1/5
Score 0
Which of the following permanent life insurance policies has set premiums and set death benefits that never change over the course of the policy?
300
Variable Life Insurance
Universal Life Insurance
Term Life Insurance
Whole Life Insurance
Q 2/5
Score 0
Which of the following permanent life insurance policy has variable premiums AND variable death benefits depending on various factors?
300
Term Life Insurance
Universal Life Insurance
Whole Life Insurance
Variable Life Insurance
5 questions
Q.
Which of the following permanent life insurance policies has set premiums and set death benefits that never change over the course of the policy?
1
300 sec
130.180.F.10.A
Q.
Which of the following permanent life insurance policy has variable premiums AND variable death benefits depending on various factors?
2
300 sec
130.180.F.10.A
Q.
How much annual income is recommended in the DIME method?
3
300 sec
130.180.F.10.B
Q.
Zara earns a net pay of $5,575 per month. She has a mortgage balance of $149,307.85. She wants enough life insurance to provide her family with 15 years of net pay and pay off the mortgage. How much life insurance does she need?
4
300 sec
130.180.F.10.B
Q.
Travis has a 20-year term life insurance policy with a death benefit of $600,000. His monthly premiums are $35. What is the total cost of his policy?
