BHS 7th Hr Life Insurance, Social Security

by: mburgess
  1. 1

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

  2. 2

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

  3. 3

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

  4. 4

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

  5. 5

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

  6. 6

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

  7. 7

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

  8. 8

    Social Security is the common term for FICA.

  9. 9

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

  10. 10

    Another name for whole life insurance is

  11. 11

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

  12. 12

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

  13. 13

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

  14. 14

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

  15. 15

    Life insurance needs will remain the same throughout your life.

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