5 Questions
Which type of life insurance is purchased to last for a specified period of time?
Term life insurance
What are the two main categories of life insurance mentioned in the text?
Term life and permanent life
What is another term commonly used to refer to permanent life insurance?
Whole life insurance
What type of life insurance is typically sold to individuals and not groups?
Term life insurance
When does coverage expire in a term life insurance policy?
When the specified period ends
Test your knowledge of the principal types of life insurance with this informative quiz. Learn about the differences between term life and permanent life insurance and enhance your understanding of these essential financial and legacy planning products.
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