Florida Life and Health Insurance License Practice Test 2025 - Free Insurance Practice Questions and Study Guide

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Question: 1 / 400

N wants a life insurance policy with level premiums and permanent protection that is paid-up at retirement. What should N purchase?

Whole Life

Term Life

30 Pay Life

N should purchase a 30 Pay Life insurance policy because it offers permanent protection with level premiums that are paid-up at retirement. This means that N will have coverage for their entire life and will not have to pay premiums after 30 years have passed.

The other options, Whole Life and Universal Life, also offer permanent protection but do not have the same level premium and paid-up feature at retirement. Term Life, on the other hand, does not offer permanent protection and the premiums are only level for a specified period of time (typically 10, 20, or 30 years). Therefore, term life would not be suitable for someone looking for permanent protection with level premiums that are paid-up at retirement.

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Universal Life

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