Match the following terms with their definitions.
-Endowment insurance
A)Continual premium payments
B)Used when insured cancels
C)Blame doesn't matter in payoff
D)Periodic payment
E)Not optional
F)Combination of term and whole life
G)Result of a nonforfeiture value
H)Policyholder
I)Amount of insurance stated on the policy
J)Value of policy when terminated
K)Builds no cash value
L)Options when an insurance policy is terminated
M)One to receive face value of life insurance
N)Payment to insured from a loss
O)80%
P)Pay for repairs to one's auto
Q)Amount insured pays
R)The insurance company
S)Fire, theft

Question

Quizplus · Accepted Answer

Endowment insurance is a combination of term and whole life insurance, providing a death benefit if the insured dies within the term and a savings payout at the end of the term if the insured is still alive.

Match the Following Terms with Their Definitions