Term
| is appropriate when lifetime protection is needed |
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Definition
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Term
| some financial planners and consumer experts point out that the average person does not need large amounts of life insurance beyond age 65, b/c |
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Definition
| the need for life insurance declines with age |
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Term
| can be used to save money |
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Definition
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Term
| substantial ants of cash-value life insurance are sold today primary as an |
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Definition
| investment and a method to save money |
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Term
| the major limitation of ordinary life insurance is that some people are still |
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Definition
| underinsured after the policy is purchased |
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Term
| another type of traditional whole life insurance where the insurance is permanent and the insured has lifetime protection |
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Definition
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Term
| in this type of traditional whole life insurance policy, the premiums are level but they are paid only for a certain period |
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Definition
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Term
| in a limited-payment policy, when the policy is completely paid-up, no more premiums are required even though the |
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Definition
| coverage remains in force |
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Term
| a paid-up limited-payment policy should not be confused with one that |
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Definition
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Term
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Definition
| the face amt is paid as a death claim or as an endowment |
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Term
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Definition
| no additional premiums are required |
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