LESSON 3: LIFE INSURANCE POLICIES, PROVISIONS, OPTIONS AND RIDERS

Section 3.2 Review

Term life policy premiums are based on:

	a)	expenses and claims experience.
	b)	mortality and loading.
	c)	the CPI.
	d)	underlying investment experience.
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Level term policies do not fluctuate in face value.

	a)	True
	b)	False
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Decreasing term policies fluctuate in face value.

	a)	True
	b)	False
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The death benefit under an increasing term policy increases with time.

	a)	True
	b)	False
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