Multiple Choice
Match the descriptions with their terms:
-_________________ is a type of term insurance that guarantees renewability without regard to the health of the insured.
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
Q35: Which of the following is a true
Q36: If a policy loan on the cash
Q37: Match the descriptions with their terms:<br>-_ is
Q38: Match the descriptions with their terms:<br>-_ is
Q39: Universal life contracts provide for more flexible
Q41: Match the descriptions with their terms:<br>-A/An _
Q42: If a contingent beneficiary is not named
Q43: Insurers generally reject applications for coverage if
Q44: The suicide clause assures that benefits are
Q45: When the premium declines gradually each year,