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Alabama Life & Health Insurance Exam 100% Accurate
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Term Insurance - ANSWER Temporary protection because it only provides coverage for a specific period of time. Also known as pure life insurance Term insurance provides what is known as _________________ - ANSWER pure death protection Term insurance provides the greatest amount of coverage for the _______________ - ANSWER lowest premium Term insurance has no ____________ - ANSWER cash value Three basic types of term coverage available, based on how the face amount (death benefit) changes during the policy term: - ANSWER 1. Level 2. Increasing 3. Decreasing
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