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

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