Credit life is a form of decreasing term insurance that is designed to pay the unpaid balance of an installment loan at the death of the insured.
Correct Answer:
Verified
Q10: Renewable term policies are initially written for
Q11: If a contingent beneficiary is not named
Q12: Insurers generally reject applications for coverage if
Q13: The suicide clause assures that benefits are
Q14: A participating policy allows the policyholders the
Q16: Match the descriptions with their terms:
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Q17: Match the descriptions with their terms:
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Q18: Match the descriptions with their terms:
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Q19: Match the descriptions with their terms:
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Q20: Match the descriptions with their terms:
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