Across
- 5. A _______ is the person chosen by the policyholder who will recieve the death benefit.
- 6. Extended time provided to pay premium even after premium due date.
- 9. The ______ is paid to the nominees if the policyholder passes away in an accident.
- 11. The process by which a life insurance company decides to take the risk.
- 12. This is the period for which the life insurance is active or valid.
- 13. The ______ is the person who is covered under the insurance policy.
- 14. What is the owner of the policy also know as ?
Down
- 1. The amount a life insurance company pays when the policy is terminated.
- 2. Another term for Death Benefit.
- 3. A contract that provides a periodic income at regular intervals, usually for life.
- 4. A life insurance policy in which the company does not distribute to policyowners any part of its surplus.
- 7. What are optional add on features that enhance the life insurance policy?
- 8. _____ period is the time during which you may decide to return the policy that you have purchased.
- 10. Each policy offers the policyholder/life guarantee a specified level of protection.