PPU Common Terms for Life Insurance

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Across
  1. 1. The amount of money paid to maintain insurance coverage
  2. 3. A policy provision that that indicates what will not be covered under the disability policy.
  3. 7. An attachment that amends a contract or policy
  4. 9. The age of the insured on the date the policy became effective
  5. 10. Attending Physician's statement
  6. 12. The time frame in which the client has to make a payment for their policy before the policy lapses.
  7. 14. Person or party designated to receive benefits
  8. 16. The person whose life is proposed for insurance.
  9. 18. Life insurance that provides coverage for a specific time period.
  10. 19. The basic amount of life insurance coverage under a life insurance policy
  11. 20. The person who owns a life insurance policy.
Down
  1. 2. A brief physical examination that may be required and is referred to as a paramed exam.
  2. 4. The identifying number assigned to the policy.
  3. 5. A permanent, unchangeable designation of a beneficiary
  4. 6. Insurance that costs a higher premium because the insured has a physical impairment.
  5. 8. The total non-business related assets of an insured used in the financial evaluation of insurance policies.
  6. 11. The actual date to which the premium is paid.
  7. 13. Method of premium payment selected by the insured
  8. 15. Ins.rating firm that give each company a grade
  9. 17. request for benefits to be paid out