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Planning Beginner: Introduction to Term Life Insurance

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1.
The death benefit from term life insurance can be used for expenses such as _______.
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All of the above. Benefits can be used for these expenses and more.
2.
Term life insurance premiums typically _______ as you age.
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Rise. Premiums rise because the risk of your death rises.
3.
The premiums for level term life insurance stay the same for _______.
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A certain term of years. That is why it is called "level term."
4.
Which of the following does not factor into a term life insurance policy?
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Cash buildup for you. Cash buildup is not a part of term life insurance. It is a part of whole life insurance.
5.
With term life insurance, "convertibility" refers to the ability to _______.
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Convert a term life policy to a whole life policy. This can be a useful option for some term life holders.