Match the descriptions with their terms:
-A/An _________________ may only be changed with the consent of the beneficiary.
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
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
Q17: Match the descriptions with their terms:
-_ is
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
Q23: Match the descriptions with their terms:
-A person
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