Whole Life Insurance vs. Term Insurance Sort

Question 1 of 10

1

This insurance is a good choice for young people who can't afford the higher costs of permanent insurance, or for people with financial obligations that will disappear in time, such as a car loan or a mortgage.

Select one or more of the following:

Whole Life
Term

Explanation

Question 2 of 10

1

This insurance has a cash value.

Select one or more of the following:

Whole Life
Term

Explanation

Question 3 of 10

1

You buy this policy with a specified term period, usually one, five, or ten years.

Select one or more of the following:

Whole Life
Term

Explanation

Question 4 of 10

1

Unless you make a change to your policy, you have lifelong coverage with no future medical exams.

Select one or more of the following:

Whole Life
Life

Explanation

Question 5 of 10

1

Premiums are generally much cheaper than cash-value policies.

Select one or more of the following:

Whole Life
Term

Explanation

Question 6 of 10

1

This is a good choice for young people, who are unable to afford the higher cost of permanent insurance right now.

Select one or more of the following:

Whole Life
Term

Explanation

Question 7 of 10

1

Your premium will remain constant during the time you are covered unless you choose otherwise.

Select one or more of the following:

Whole Life
Term

Explanation

Question 8 of 10

1

The risk with this life insurance is that your health might deteriorate and you could be unable to get another policy once the policy expires.

Select one or more of the following:

Whole Life
Term

Explanation

Question 9 of 10

1

With this life insurance policy the costs are spread out over your entire life.

Select one or more of the following:

Whole Life
Term

Explanation

Question 10 of 10

1

If you are interested in using the policy as a form of savings, consider this type of life insurance policy.

Select one or more of the following:

Whole Life
Term

	Created by Shannon Anderson-Rush over 5 years ago

Quiz on Whole Life Insurance vs. Term Insurance Sort, created by Shannon Anderson-Rush on 13/06/2019.

Whole Life Insurance vs. Term Insurance Sort

Question 1 of 10

This insurance is a good choice for young people who can't afford the higher costs of permanent insurance, or for people with financial obligations that will disappear in time, such as a car loan or a mortgage.

Select one or more of the following:

Explanation

Question 2 of 10

This insurance has a cash value.

Select one or more of the following:

Explanation

Question 3 of 10

You buy this policy with a specified term period, usually one, five, or ten years.

Select one or more of the following:

Explanation

Question 4 of 10

Unless you make a change to your policy, you have lifelong coverage with no future medical exams.

Select one or more of the following:

Explanation

Question 5 of 10

Premiums are generally much cheaper than cash-value policies.

Select one or more of the following:

Explanation

Question 6 of 10

This is a good choice for young people, who are unable to afford the higher cost of permanent insurance right now.

Select one or more of the following:

Explanation

Question 7 of 10

Your premium will remain constant during the time you are covered unless you choose otherwise.

Select one or more of the following:

Explanation

Question 8 of 10

The risk with this life insurance is that your health might deteriorate and you could be unable to get another policy once the policy expires.

Select one or more of the following:

Explanation

Question 9 of 10

With this life insurance policy the costs are spread out over your entire life.

Select one or more of the following:

Explanation

Question 10 of 10

If you are interested in using the policy as a form of savings, consider this type of life insurance policy.

Select one or more of the following:

Explanation