Match the Descriptions with Their Terms

Multiple Choice

Match the descriptions with their terms:
-The _________________ results in the payment of a specified amount over a period of time determined by the size and frequency of the payments as well as the interest rate paid by the insurer.

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