Multiple Choice
Match the descriptions with their terms:
-The _________________ is the amount that the insurer agrees to pay at the death 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
Q29: Match the descriptions with their terms:<br>-The _
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
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