Question: QUESTION 18 Life insurance that is time specific and does not build cash value is known as: a. Mortgage life insurnce b. Decreasing-term insurance c.

QUESTION 18 Life insurance that is time specific and does not

QUESTION 18 Life insurance that is time specific and does not build cash value is known as: a. Mortgage life insurnce b. Decreasing-term insurance c. Endowment Insurance d. Term insurance QUESTION 19 Life insurance that pays off a mortgage in the event of the policyholder's death is knows as: O a. Mortgage Life Insurance b. Decreasing term insurance O c. None of the above d. Mortgage Term Insurance QUESTION 20 Life insurance that provides insurance over a specified term and allows policyholders to invest residual funds in various types of investment O a. Variable life insurance b. None of the above c. Constant life insuracne O d. Universal life insurance QUESTION 21 A method that fixes a quantum of life insurance based on the expected household's future expenses is known as: a. Income Method b. Budget Method c. Cash-flow Method d. Balance Sheet Method

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