Across
- 8. A type of insurance that provides a sum of money if the insured dies while the policy is in effect.
- 9. Term policy that provides the ability to be exchanged for permanent life insurance.
- 12. Length of time, often 30 days, after the premium is due an unpaid during which the policy remains in force.
- 13. The person whose life is covered under the policy.
- 14. Legal document stating the terms of the life insurance coverage
Down
- 1. Permanent life insurance coverage with assets invested in a separate account.
- 2. Termination of a policy due to non-payment of renewal premiums.
- 3. The person who has the right to exercise any and all rights on the policy.
- 4. Life insurance coverage that remains in force during lifetime provided that premiums are paid as specified.
- 5. Life insurance under which the benefit is payable only if the insured dies during specific timeframe.
- 6. Permanent life insurance coverage with flexible premiums, face amount and death benefits.
- 7. The amount paid to the beneficiary of the life insurance policy upon the death of the insured.
- 10. Party that promises to pay a benefit if specified loss occurs.
- 11. Date at which policy terminates reaching its scheduled endowment date.