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Match the Descriptions with Their Terms

Question 38

Multiple Choice

Match the descriptions with their terms:
-_________________ is well suited to use to repay an installment debt in case the debtor dies prior to complete repayment.


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:

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