Insurance Terms

5. The amount stated on the face of the policy that will be paid in case of death or at the maturity of the policy.
7. person named on the policy to receive the insurance benefits at death of the insured
8. an endorsement to an insurance policy that modifies clauses and provisions of the policy, including or excluding coverage.
10. the act of closing a life insurance policy.
12. is a unique number created for each policy.
14. an organization to whom a policy is appointed in the event of using the policy as collateral.

1. The incidence of death at each attained age; frequency of death
2. person that possesses life insurance
3. an individual given control of the death benefit for a minor
4. is the month/period the policy is paid up to.
6. is a unique number created for each client.
9. is the amount due for payment on a policy
11. the restoring of a lapsed policy to its original status, upon payment of all outstanding payment by the policy owner and presentation of satisfactory evidence of insurability by the insured.
13. person covered on the life insurance policy