Alevel term-to-age-65 life insurance policyprovides a fixed death benefit until the insured reaches age 65, as long as premiums are paid. Since Jim purchased a $200,000 policy at age 35 and dies at age 50 (before age 65), the full death benefit of $200,000 is payable, assuming the policy is in force.
Option A: Incorrect. $50,000 is not the policy’s face amount.
Option B: Incorrect. $100,000 is not the policy’s face amount.
Option C: Incorrect. $150,000 is not the policy’s face amount.
Option D: Correct. The $200,000 death benefit is paid, as it is a level term policy.
This question falls under the Prometric content outline section on “Life Products,” which covers term life insurance benefits.
[:, Prometric Oklahoma Life, Accident, and Health or Sickness Producer Exam Content Outline (Section: General Knowledge – Life Insurance)., Oklahoma Insurance Department, Title 36 O.S. § 4002 (life insurance products)., Standard insurance study guides (e.g., Kaplan, ExamFX) for Oklahoma producer licensing., ]
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