Life Insurance

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Across
  1. 3. The price a person must pay for his or her insurance policy
  2. 4. The semantic role of the intended recipient who benefits from the happening denoted by the verb in the clause
  3. 5. Insurance on the life of the insured for a fixed amount at a definite premium that is paid each year in the same amount during the entire lifetime of the insured
  4. 6. Insurance paid to named beneficiaries when the insured person dies
  5. 7. A contract between the insurer and the insured
Down
  1. 1. Is a combination of decreasing term insurance and an investment account; often called permanent insurance as policies do not need to be renewed as long as the premiums are paid
  2. 2. Low-cost insurance that is valid only for a stated period of time and has no cash surrender value or loan value