Term Life Insurance
Chapters in this video
What this video covers
- What term life covers, when its death benefit is payable, and why ordinary term generally has no cash value
- How level, decreasing, annually renewable, and return-of-premium term differ in benefit and premium structure
- Why renewable term can continue coverage without promising a level premium
- How convertible term can change to eligible permanent coverage without new evidence of insurability
- How attained-age and original-age pricing work at conversion, and why neither promises the old term premium
- How to compare the term length with the length of a temporary need and calculate an uncovered period
- Why a level premium does not keep the benefit-per-premium ratio level when the death benefit decreases
Read the full lesson, free
This video's complete written lesson is free to read in the CertFuel app, no signup wall. The complete Life and Health course also includes adaptive practice questions and spaced-repetition flashcards, available in Free Beta.