Match the descriptions with their terms:
-A/An _________________ might enable an insured to collect a percentage of the policy's face amount prior to the insured's death.
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
Q28: Match the descriptions with their terms:
-A/An _
Q29: Match the descriptions with their terms:
-_ is
Q30: Match the descriptions with their terms:
-The _
Q31: Match the descriptions with their terms:
-_ is
Q32: Match the descriptions with their terms:
-A policy
Q34: The life insurance contract that generally offers
Q35: Death benefits are likely to fluctuate over
Q36: Which of the following is not a
Q37: Which of the following statements is true
Q38: If a policy loan on the cash
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