- Study guides, Class notes & Summaries

LOMA 281 Module 2 questions with complete solutions Term Life insurance - ANSWERS Insurance that provides a policy benefit if the insured dies during a specified period of time. Policy term - ANSWERS The specified period of time for which a term life insurance policy provides coverage. Level Term life insurance - ANSWERS A plan of term life insurance that provides a policy benefit that remains the same over the term of coverage. Decreasing term life insurance - ANSWERS A plan of term...