Multiple Choice
Match the following terms with their definitions.
-Nonforfeiture
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
Correct Answer:
Verified
Q12: Find the following:<br> <span class="ql-formula"
Q13: Collision and comprehensive:<br>A)Only pay the insurer<br>B)Only pay
Q14: Insurance required to meet coinsurance is the
Q15: Tom Brotherton decided at age 44 to
Q16: The actual amount of insurance carried is
Q18: Match the following terms with their definitions.<br>-Compulsory<br>A)Continual
Q19: If Joe Wheel decides to decrease his
Q20: Term insurance:<br>A)Is more expensive than straight life<br>B)Builds
Q21: Reduced paid-up insurance means the policy continues
Q22: The property of Vin's Garage is worth