Multiple Choice
Match the descriptions with their terms:
-The _________________ results in the insurer paying the entire amount of the death benefits all at once.
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
Q13: The life insurance contract that generally offers
Q14: The cash value option allows the insured<br>A)
Q15: Term insurance contracts generally do not have<br>A)
Q16: Match the descriptions with their terms:<br>-_ is
Q17: An interest settlement option<br>A) keeps a policy
Q19: Whole life is often referred to as
Q20: Type A universal policies pay the cash
Q21: Match the descriptions with their terms:<br>-A person
Q22: The waiver of premium benefit does not
Q23: Endowment insurance is currently far less popular