Match the Descriptions with Their Terms

Multiple Choice

Match the descriptions with their terms:
-A/An _________________ specifies that the policy proceeds will be paid to the primary beneficiary after the elapse of a period of time if still living; otherwise, the benefits are paid to the contingent 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