TYPES OF LIFE INSURANCE Life Insurance Riders JR's Favorite Types & Features Life Insurance Myths
100
What is Term Insurance
This type of life insurance provides a death benefit for a set time period.
100
Waiver of Premium
With this rider, you don't have to pay the premium if you become totally disabled and can't work.

100
SImple Issue Policy
This policy allows a person to purchase up to $24,999 of death benefit while bypassing most of the underwriting
100
FALSE
Life insurance is really expensive
200
What is Whole Life Insurance
This type of life policy is called permanent because it never expires.
200
Guaranteed insurability rider
This rider lets you purchase additional life insurance coverage at a later date without undergoing a medical exam or providing any evidence about your insurability.
200
Graded Death Policy
This is a guaranteed issue policy for those with health insurance
200
FALSE
Your employer-provided life insurance is all you need
300
What is Universal Life Insurance
I am a type of permanent life insurance that provides the policy owner greater flexibility with premiums and cash value.
300
Accelerated death benefit rider
The rider lets you collect a portion of the policy's death benefit if you become terminally ill with a short life expectancy, such as one year
300
Term Conversion Rider
This rider lets you convert term life insurance into permanent life insurance without undergoing a medical exam.
300
FALSE
Term insurance is the best option
400
What is a Graded Death Policy
I am a guaranteed issue life insurance policy for people that have health issues.
400
Critical illness rider
The insurer pays a lump sum if you're diagnosed with one of the critical illnesses specified in the insurance policy, such as cancer, heart attack, stroke, kidney failure and others. Instead of reimbursing you for medical expenses, the way health insurance does, the rider provides money to use for any purpose during the course of treatment.
400
Transitional Life Policy
This policy provides you a paid up whole life policy when your term policy expires
400
FALSE
My health disqualifies me from life insurance.
500
What is a Whammy
This allows the other team to to take control
500
Return of premium rider
"If you live to the end of the term, in exchange for paying the premium, in most circumstances you get all your money back,"
500
What is a Whammy
This allows the other team to to take control
500
FALSE
You get a better deal purchasing life insurance online






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