Life+Insurance

If you have family or loved ones counting on your financial support, you probably want to give life insurance some serious thought. Just how much do you know about life insurance? Take this simple quiz to test your [|Life Insurance IQ] //Report your results to me in a Google Doc containing the information from below.//

[|**Life Insurance**] [|**Motley Fool**] [|**FAQs**]
 * Use the following links to find answers to these questions:**

//1. Why do people buy life insurance?// //2. How much life insurance should a person have?// //3. Can a term life insurance policy be renewed? Why would a person want to renew a term policy?//


 * Define in your own words:**
 * beneficiary -- death benefit -- underwriting -- mortality -- policy rider**

//Share your Google Doc with jgrams@hlv.k12.ia.us//

[|Types of Life Insurance]


 * Using the above website, explain the following types of life insurance: **
 * ** whole life insurance **
 * ** variable whole life insurance **
 * ** term life insurance **
 * ** universal life insurance **
 * ** universal term life insurance **
 * ** variable universal term life insurance **

Share all responses with Mrs. Grams
 * Use the calculator at the top of the website to see how much life insurance you should consider if you would be purchasing life insurance at this time. Which company would you choose to purchase from and why? **