Question

Which statement is true about term life insurance?

Answer 1

The correct answer is D. Term life insurance pays benefits to named beneficiaries when the policy holder dies during

the duration of the policy.

Step-by-step explanation:

• After when someone dies, the beneficiary of the life insurance policy will require to make a death claim to receive the  insurance amount.

• When you have a term life insurance policy, the value or the death benefit, it will not have any impact on the benefits you receive.
• Life insurance is one of the type of insurance, or risk protection, that gives payment to a nominated beneficiary after the policyholder's death.

• Term life insurance pays advantages to those who named beneficiaries when the policy holder dies during  the time of the policy.
• .When a person dies, the insurance company investigates and then claim and then pays out to the death benefit.