LifeTime Benefit Term Life Insurance Quiz

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Questions and Answers

Which of the following expenses can LifeTime Benefit Term Life Insurance help cover?

  • Medical expenses
  • Grocery expenses
  • Mortgage payments (correct)
  • Vacation expenses

What percentage of people turning age 65 will need some type of Long Term Care?

  • 50%
  • 90%
  • 30%
  • 70% (correct)

What is the average annual cost for nursing home care in 2020?

  • $93,075 (correct)
  • $100,000
  • $50,000
  • $75,000

Which of the following expenses can be covered by LifeTime Benefit Term?

<p>Medical expenses (A)</p> Signup and view all the answers

What happens to the death benefit under the Extension of Benefits rider?

<p>It decreases (D)</p> Signup and view all the answers

What is the purpose of the Restoration of Your Death Benefit rider?

<p>To restore the death benefit (C)</p> Signup and view all the answers

What is the guarantee for the death benefit after age 70?

<p>It remains the same (C)</p> Signup and view all the answers

Which of the following is a feature of the LifeTime Benefit Term insurance?

<p>Premiums start at $3 per week (C)</p> Signup and view all the answers

What is the maximum Child Term Death Benefit available under the Additional Benefit Option?

<p>$25,000 (C)</p> Signup and view all the answers

Which of the following is excluded from the Long Term Care benefits?

<p>All of the above (D)</p> Signup and view all the answers

What happens if the insured commits suicide within two years from the Date of Issue while the LifeTime Benefit Term Coverage is in force?

<p>No benefits are paid (B)</p> Signup and view all the answers

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Chubb Life Insurance PDF

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