BHS 7th Hr Life Insurance, Social Security

10 Responses | Created by mburgess |
  1. 1

    A universal life insurance policy is a combination of term and cash-value insurance.

  2. 2

    The premiums on term policies are more expensive than cash value policies.

  3. 3

    The premiums and benefits in a level term policy remain the same throughout the policy.

  4. 4

    In a limited-life policy, the coverage ceases at age 65.

  5. 5

    An advantage of a convertible-term policy is that it can be changed into a health insurance policy at any time.

  6. 6

    Life insurance needs will remain the same throughout your life.

  7. 7

    Social Security is funded by taxes paid by the employer only.

  8. 8

    Medicare and Medicaid are health insurance benefits for anyone under the age of 65.

  9. 9

    One of the paid benefits of Social Security is income if you are unable to work because of a mental or physical disability.

  10. 10

    Social Security is the common term for FICA.

  11. 11

    Another name for whole life insurance is

  12. 12

    The beneficiary is the person who is insured, and benefits will be paid if that person dies.

  13. 13

    Term life insurance insures you for a specified length of time.

  14. 14

    It is predicted that Social Security taxes will rise for the next generation of workers.

  15. 15

    The advantage of a cash-value policy is that while providing coverage, the policy also is building cash value.

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