Multiple Choice
Match the descriptions with their terms:
-The _________________ may exclude coverage for a death resulting from suicide if the suicide occurs within the stated period of time.
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
Correct Answer:
Verified
Q24: Match the descriptions with their terms:<br>-A/An _
Q25: Match the descriptions with their terms:<br>-_ is
Q26: Most term policies are not convertible into
Q27: Death benefits are likely to fluctuate over
Q28: A spendthrift trust provision involves<br>A) an agreement
Q30: Match the descriptions with their terms:<br>-A/An _
Q31: Match the descriptions with their terms:<br>-_ term
Q32: Term insurance contacts have no cash value
Q33: Renewable term policies are initially written for
Q34: Match the descriptions with their terms:<br>-The _