Across
- 3. bene receives remainder tax free
- 4. high risk tolerance, fixed premium
- 7. Low risk tolerance(risk averse), long term need, and flexible premium
- 8. Cash, pure life/single life, period certain and life, refund, specified period/income, and interest only
- 9. Low risk tolerance(risk averse), long term need, and fixed premium
- 10. Cash, paid up reduced amount, extended term/paid up term
Down
- 1. must pay ordinary income taxes above its basis
- 2. high risk tolerance, flexible premium
- 5. Cash, reduce premium, accumulate with interest, paid up additions, one year term/5th dividend
- 6. answer with capital gains in it