Match the descriptions with their terms:
-_________________ is a savings element contained in some forms of life insurance contracts.
A) Cash value
B) common disaster clause
C) contingent beneficiary
D) Convertible
E) Decreasing term
F) face amount
G) fixed-amount option
H) grace period clause
I) irrevocable beneficiary
J) living benefit option
K) lump-sum option
L) participating
M) reinstatement clause
N) Renewable term
O) suicide clause
P) Term insurance
Q) Universal life
R) Whole life insurance
Correct Answer:
Verified
Q12: Insurers generally reject applications for coverage if
Q13: The suicide clause assures that benefits are
Q14: A participating policy allows the policyholders the
Q15: Credit life is a form of decreasing
Q16: Match the descriptions with their terms:
-_ is
Q18: Match the descriptions with their terms:
-A/An _
Q19: Match the descriptions with their terms:
-A/An _
Q20: Match the descriptions with their terms:
-A/An _
Q21: Match the descriptions with their terms:
-_ is
Q22: Match the descriptions with their terms:
-_ term
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