PERSONAL FINANCE PROBLEMS! HELP.
Francesca Brown has a life insurance policy that provides her with protection for the next 10 years. However, she can get five more years of protection at the end of this term without having to have a medical examination until she reaches the age of 70. Her premiums will rise during each five year period. What type of life insurance does Francesca likely have?
A. Term insurance
B. Renewable term insurance
C. Decreasing term insurance
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2) If you wish to pay exactly the same life insurance premium each year, you would choose a
A. nonparticipating policy.
B. participating policy.
C. variable life policy.
3) Darren Chase has an insurance policy that tells him he can only stay in the hospital for 60 days during the year. What provision in his insurance policy would specify this?
B. Assigned Benefits
C. Benefit Limits