Across
- 2. A formal request for payment of proceeds under the terms of an insurance contract.
- 3. The status of a policy that has delivery requirements that were not returned in a timely manner.
- 5. Premium notice sent directly to the owner at the billing address usually on a quarterly, semi-annual, or annual basis.
- 7. The date on which the life insurance policy is said to be in force.
- 9. The amount of time that the policyholder has to pay a late premium, usually 30-31 days, during which time the insurance is in force.
Down
- 1. A correction or alteration issued by Underwriting and can be considered a counteroffer.
- 4. When the policyholder fails to make the premium payments and the policy becomes null and void.
- 5. The day on which premium payment is to be drafted.
- 6. The money paid at the time application.
- 8. A policy issued to cover a person classified as having a greater-than-average likelihood of loss.