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This study guide provides an in-depth exploration of life insurance, including the contract between an insurer and policyholder, the purpose of life insurance, how it works, determining need, cost factors, and types of life insurance. Learn about term life, whole life, universal life, and variable life insurance, as well as annuities and clauses.
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Exam 2 Study Guide Chapter 10
c. Women and Life Insurance i. If you are the sole support for your family, then yes you need it. ii. If you are a homemaker you should get life insurance based on the size of your family d. Children and Life Insurance i. Children don’t need life insurance e. How Much Is Needed? i. 5 to 7 times your annual income f. What Does Life Insurance Cost? i. Pay more per year than any other insurance
ii. Review upon
Trying to persuade a policyholder to switch policies in a transaction that would do little or nothing more than generate commissions for the insurance agent is called ____________. C. Churning