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Match the Descriptions with Their Terms

Question 24

Multiple Choice

Match the descriptions with their terms:
-A/An _________________ might enable an insured to collect a percentage of the policy's face amount prior to the insured's death.


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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