Match the following terms with their definitions.
-Term 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
Correct Answer:
Verified
Q50: Howard Hane had taken out a $130,000
Q51: Bill Blum insured his hardware store with
Q52: Match the following terms with their definitions.
-No-fault
A)Continual
Q53: Calculate the annual premium for life
Q54: Abby Kaminsky, age 32, has decided to
Q56: Mia's office building with a $300,000 value
Q57: Jim opened a new pizza shop. He
Q58: Matt Miller, age 28, takes out $50,000
Q59: Maryville University purchased building insurance for a
Q60: Ben's office building with $200,000 value has
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents