Life and Disability Insurance Vocabulary

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Across
  1. 4. _________renewability insurance policy which allows an individual to still be covered as long as he or she pays the premium
  2. 6. insurance which protects the people who depend upon the policyholder from extreme financial losses caused by the policyholder’s death
  3. 8. Cancellation Coverage contract where a bank agrees to cancel all or part of an obligation to repay a loan due to a specific event
  4. 10. _________compensation is insurance which covers workers who are injured or become ill due to workplace conditions
  5. 12. life insurance permanent policy in which the policyholder pays a specified premium each year for the duration of entire life
  6. 13. income insurance which provides regular supplementary income when a person is unable to work at his or her regular employment because of accident, illness or pregnancy
  7. 14. of benefits specified period of time in which benefits will be paid
Down
  1. 1. Protection Life Insurance policy designed specifically to repay mortgage debt in the event of the death of the borrower
  2. 2. security provides retirement income and disability benefits
  3. 3. ______line coverage insurance policy designed to pay off a borrower’s debt if the borrower dies
  4. 5. Death and Dismemberment Life Insurance policy which pays out only if the policyholder is killed/injured in a specific type of accident
  5. 7. period of time for which individuals wait before they can begin collecting benefits
  6. 9. insurance policy protects against the loss of life for a specified period of time and only pays benefits if an individual dies during the period in which the policy is covered
  7. 11. life Insurance adjustable-benefit life insurance which allows policyholders to change the amount of insurance as their needs for insurance changes