Arkansas Life and Health Insurance Practice Exam 2025 – The Comprehensive All-in-One Guide for Exam Success!

Question: 1 / 400

What is a common characteristic of a term life insurance policy?

Accumulation Cash Value

A common characteristic of a term life insurance policy is that it provides coverage for a specific period of time. Term life insurance does not accumulate cash value or have an investment feature like whole life insurance. Additionally, term life policies may or may not be guaranteed renewable, as this depends on the specific terms of the policy.

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Coverage for a specific period

Guaranteed Renewable

Investment Feature

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