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:

Verified
Correct Answer:
Verified
Q19: Whole life is often referred to as
Q20: Type A universal policies pay the cash
Q21: Match the descriptions with their terms:<br>-A person
Q22: The waiver of premium benefit does not
Q23: Endowment insurance is currently far less popular
Q25: Match the descriptions with their terms:<br>-_ is
Q26: Most term policies are not convertible into
Q27: Death benefits are likely to fluctuate over
Q28: A spendthrift trust provision involves<br>A) an agreement
Q29: Match the descriptions with their terms:<br>-The _