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Life Insurance Products Quiz

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Questions and Answers

What is the main characteristic of a term life insurance?

It is the most expensive form of life insurance

It provides lifelong coverage

It provides coverage for a specified term of years (correct)

It offers investment and savings components

Which type of insurance is also known as non-life insurance?

Term insurance

Health insurance

General insurance (correct)

Whole life insurance

What is the primary purpose of term insurance?

To offer investment opportunities

To provide a pure risk cover (correct)

To accumulate cash value over time

To provide lifelong coverage

What is the sum assured paid for in term insurance?

<p>When the policyholder dies during the term</p> Signup and view all the answers

Which life insurance product is described as the cheapest form of life insurance?

<p>Term insurance</p> Signup and view all the answers

Life Insurance Products Quiz

Choose a study mode

Podcast

Questions and Answers

What is the main characteristic of a term life insurance?

Which type of insurance is also known as non-life insurance?

What is the primary purpose of term insurance?

What is the sum assured paid for in term insurance?

Which life insurance product is described as the cheapest form of life insurance?

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