Complex Changes Crossword

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Across
  1. 2. The sections of the Supplemental Application for Non-Underwritten changes form that must be completed for a Face Decrease or Rate Reconsideration request (the word version of the numbers, all one word and no spaces or commas)
  2. 4. The Cash Value on an Extended Term Insurance policy generally ___________ over time
  3. 6. Once the policy is placed on Extended Term Insurance, all riders and benefits are ______________
  4. 8. The reinstatement quote is done using the _______ Tab in WMA
  5. 11. 'Buying in Bulk' - the higher the death benefit, the lower the cost per unit
  6. 13. The Guaranteed Cash value and Dividend values buy the same amount of death benefit as the death benefit would be on the date the policy changes to this status, for a reduced amount of time
  7. 14. ____ interest is due for policies with interest in arrears
  8. 16. the Supplemental Application for Non-Underwritten changes form must be dated within ___ _____ of receipt
  9. 18. Term policies issued in Illinois AFTER June 10, _____ have 3 years to reinstate
  10. 24. The form required to change the policy to Extended Term or Reduced Paid-Up Insurance (do not include the hyphen)
  11. 26. This document should be referenced before doing a policy face decrease quote
  12. 27. Occurs when the outstanding loan balance equals or exceeds the cash value of the policy
Down
  1. 1. The drop down selection in Life Apps and Forms for "Packets/Forms:" for a reinstatement
  2. 3. The form required to be completed in addition to the Reinstatement Application
  3. 5. The dividend option that does not decrease the amount of loan interest due in a maximum indebtedness situation
  4. 7. A policy that terminates for Maximum Indebtedness cannot be ____________
  5. 9. The loan interest type that results in a minimum payment due in a maximum indebtedness situation
  6. 10. The sections of the Supplemental Application for Non-Underwritten changes form that must be completed to change to ETI or RPU (the word version of the numbers, all one word and no spaces or commas)
  7. 12. The number of days after the signature date a form with underwriting information can be accepted
  8. 15. The minimum Death Benefit for a policy issued September 25, 2003 changing to Reduced Paid-Up status is $_____.00 (don't include the dollar sign or decimal point)
  9. 17. A policy on Reduced Paid-Up is considered a ____ ____ policy
  10. 19. If the policy owner _________ to put their policy on Extended Term Insurance, the policy CANNOT be Reinstated
  11. 20. When the loan interest is not paid, it gets added to the outstanding loan balance. What is this called?
  12. 21. Extended Term and Reduced Paid-Up Insurance are considered ____ _____________ ________
  13. 22. A policy that lapses to Extended Term Insurance is considered to be a ___ policy
  14. 23. The Guaranteed Cash Value and Dividend values buy a paid-up Whole Life policy for a reduced amount with the same maturity date as the original Whole Life policy
  15. 24. Maximum age to apply for a rate reconsideration
  16. 25. Maximum Indebtedness quotes must be saved to Life Link as a ____