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:

Verified
Correct Answer:
Verified
Q33: Renewable term policies are initially written for
Q34: Match the descriptions with their terms:<br>-The _
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
Q39: Universal life contracts provide for more flexible
Q40: Match the descriptions with their terms:<br>-_ is
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