Chapter Two Terms (Life Insurance)

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Across
  1. 3. a policy's saving element or living benefit
  2. 7. benefits in a life insurance policy that the policy owner cannot lose even if the policy is surrendered or lapses
  3. 11. converting a person's net worth into cash flow
  4. 12. withheld or postponed until a specified time or event in the future
Down
  1. 1. in life policies, the time when the face value is paid out
  2. 2. requirement to determine if an insurance product is appropriate for a costumer
  3. 4. the insured's age at the time the policy is issued or renewed
  4. 5. financial instruments that may trade for value i.e stocks and bonds
  5. 6. the cash value of a whole life policy has reached the contractual face amount
  6. 8. the premium that does not change throughout the life of the policy
  7. 9. retirement plan that meets IRS guidelines
  8. 10. the amount of benefit stated in the life insurance policy also called the death benefit