Terminology

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Across
  1. 3. The person on whom the protection is purchased on.
  2. 6. Coverage amount being applied for.
  3. 7. A fixed time period offered in 10,15,20,25 and 30 years
  4. 8. The first in line to receive named benefits.
Down
  1. 1. Additional or extra coverage added to your base policy for your children
  2. 2. The person(s) to receive named benefits.
  3. 4. The amount by which assets exceed liabilities. Another way to say this is, it's the value of everything you own, minus all your debts.
  4. 5. The person who the benefit would go to in the event that all of the listed Primary beneficiaries had already passed at the proposed insured’s death.