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Life Insurance Types Quiz

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Questions and Answers

Which type of life insurance is purchased to last for a specified period of time?

Term life insurance (correct)

Group life insurance

Permanent life insurance

Whole life insurance

What are the two main categories of life insurance mentioned in the text?

Term life and permanent life (correct)

Group life and whole life

Permanent life and whole life

Term life and group life

What is another term commonly used to refer to permanent life insurance?

Term life insurance

Whole life insurance (correct)

Group life insurance

Coverage through an employer

What type of life insurance is typically sold to individuals and not groups?

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

When does coverage expire in a term life insurance policy?

<p>When the specified period ends</p> Signup and view all the answers

Life Insurance Types Quiz

Choose a study mode

Podcast

Questions and Answers

Which type of life insurance is purchased to last for a specified period of time?

What are the two main categories of life insurance mentioned in the text?

What is another term commonly used to refer to permanent life insurance?

What type of life insurance is typically sold to individuals and not groups?

When does coverage expire in a term life insurance policy?

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