Which of the following types of policies is most likely to allow you to switch investments? Limited pay life Whole life Variable life Term life Adjustable whole life The best way to handle risk is to: avoid risk assume risk try to prevent losses transfer risk to an insurance company combination of these Which is not a type of term insurance: limited pay decreasing convertible renewable annual A young couple have two small children. They are doing well financially but their life insurance needs are high and their budget is tight. What type of life insurance will give them the most protection for their money? continuous premiums universal life paid up life term life variable life You want to pay premiums for 20 years and have your insurance premium obligations finished at that time, but you feel you will need life insurance the rest of your life. What insurance should you choose? continued premium limited pay single premium universal Which of the following policy features allow the insured to increase coverage periodically without showing proof of insurability? multiple indemnity clause guaranteed purchase options disability clause paid-up insurance option extended-term option (blank) and (blank) are both relatively expensive types of decreasing-term life insurance. Group; credit credit; mortgage mortgage; industrial industrial; special-purpose policies special purpose; group