Match the Descriptions with Their Terms

Multiple Choice

Match the descriptions with their terms:
-_________________ is designed to be kept in force throughout the life of the insured, includes a cash value element, and is flexible with respect to the amount of premiums paid.

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