Unit 8 Crossword

2. A tax-deferred retirement savings plan for employees of educational institutions and some non-profit organizations.
6. The value of the investment portion of a whole life insurance policy.
7. A tax-deferred retirement savings plan for self-employed individuals.
12. Deposits into this type of IRA are tax-deferred, so taxes will not be paid until the money is withdrawn from the account.
13. A type of life insurance policy where the cash value can be used to pay the insurance premium if the policyholder doesn't pay.
15. The amount paid for an insurance policy.

1. The amount of coverage that a life insurance policy provides.
3. A person chosen by the policyholder who will receive the benefits of the life insurance after the policyholder's death.
4. Deposits into this type of IRA are taxable, but when money is withdrawn from the account, the money and income earned is tax-exempt.
5. A type of retirement plan where an employee receives compensation from an employer after retirement.
8. A type of life insurance that covers the policyholder for their entire lifetime or to a specified age.
9. When a retired employee receives a pension that is in the form of a fixed monthly amount until death, it is called a single life _____.
10. A type of life insurance that covers the policyholder for a specified period of time; after that time it is no longer in effect unless renewed.
11. A small increase in a retiree's benefits based on the Consumer Price Index.
14. The number of years an employee must participate in the plan before having the right to the investment or part of the investment.