Javascript is currently not supported/disabled by this browser. Please enable JavaScript for full functionality.

QuizMagic

Home | Links | Announcements | LOGIN / SIGNUP

Now available on:

QuizMagic on Google Play

QuizMagic Windows 8 App

QuizMagic on Amazon Store

QuizMagic on Firefox Marketplace

> General Quizzes

> General Knowledge

Create you own quizzes

Life Insurance

Life Insurance

Created by Satish Govind on Mar 05, 2014 10:58 AM.

In legal terms, Life Insurance is a contract between an Insurance Policy Holder (Insured) and an Insurance Company (Insurer), wherein, the insurer provides a lump-sum payment, known as a death benefit, to beneficiaries in the event of the insured's death.
Life Insurance can be classified as Term Insurance, Universal Life coverage, Whole Life coverage, and Endowment life insurance.

How much do you know about Life Insurance? Are you aware of the importance of life insurance protection, factors that you should consider while taking life insurance cover, what type of policy is appropriate for you, what factors affect the costs of your policy, and so on? Try this quiz and find out!

Top 5 Scores

	Santy	67 01:42
	Anonymous	55 02:32
	Anonymous	48 02:31
	Anonymous	48 03:54
	Anonymous	20 04:07

Questions

15

Minutes

5

High Score

67

01:42

Quiz Played

150

times

Last played on Nov 23, 2019. View comments

More you answer correct, more you get Game Bonus
Finish before time out and collect Time Bonus
Check out sample questions
Try our similiar quizzes
Try Classic mode of this quiz

Congratulation!

You are in top 5 scorers.

0

0

0

0

N/A

Answering this correctly will make the indicated neighbouring questions be automatically treated as having been answered correctly.

Answering this incorrectly will make the indicated neighbouring questions be automatically treated as having been answered incorrectly.

Answering this correctly will earn you some extra points.

Answering this incorrectly will cause you to lose some points.

Answering this correctly will increase the total time available to you.

Answering this incorrectly will reduce the total time available to you.

Re-start Try Classic mode

Embed this quiz on your blog or websiteShare this quiz

Copy this HTML code and paste in your website code to run this quiz on your site.

Portrait Landscape

Size:

Size:

Use old embed code (not recommended)

life insurance policy premium term insurance annuity protection investment

Sample Questions

Question 1

"Whole Life" life Insurance is an insurance-cum-investment type of insurance.

True
False

Question 2

"Term" life Insurance is an insurance-cum-investment type of insurance.

True
False

Question 3

The premium for a "Whole Life" life insurance policy is lower than that for a "Term" life insurance policy.

False
True

Question 4

You can reduce the premium (cost) that you will need to pay for life insurance cover, by being a non-smoker.

False
True

Question 5

Can my life insurance policy be used as collateral for a loan?

Yes
No

Question 6

Which of these is NOT a factor you should consider when determining how much life insurance cover you should take?

Education of children
Forced reduction of unneccessary expenses
Debts, such as home loan and car loan
Likely post-retirement expenses

Question 7

When you apply for life insurance, can an insurance company specify a limit on the insured amount?

No
Yes

comments powered by Disqus

X

Other recommended quiz for you

Copyright © 2014. All rights reserved

Vidyatech Solutions Pvt. Ltd.