5 Questions
What is the main characteristic of a term life insurance?
It provides coverage for a specified term of years
Which type of insurance is also known as non-life insurance?
General insurance
What is the primary purpose of term insurance?
To provide a pure risk cover
What is the sum assured paid for in term insurance?
When the policyholder dies during the term
Which life insurance product is described as the cheapest form of life insurance?
Term insurance
Explore the different types of life insurance products with this quiz. Test your knowledge and learn about the various policies that can be offered to clients, from term life insurance to whole life insurance and beyond.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
