Across
- 7. Restoring life insurance coverage that has lapsed
- 9. Refers to changing how a certain contribution or investment is treated. Ex: Traditional IRA Contribution changed to ROTH IRA Contribution
- 10. Date a policy reaches maturity or expiry
- 12. An account where money is placed or taken from when there is a shortage/overage of premium (+/- $2.00)
- 13. Telephone interview conducted to assess an Insured financial state
Down
- 1. An exclusion of coverage on a policy that restricts pay out if the insured commits suicide during the contestable period (first 2 years of policy)
- 2. Current age of the insured
- 3. Universal life policy that does not have enough cash value to cover the cost of insurance
- 4. a US law designed to provide privacy standards to protect insureds/ medical history and health information provided by health plans, hospitals, and health care providers.
- 5. Refers to an IRA; money is taxed upon withdrawal
- 6. 20 day timeframe to make changes/cancel a policy for full premium refund
- 8. An account on an ErieFlex4 that accumulates funds to keep the policy in force
- 11. Funds paid out from a policy/annuity as a loan or withdrawal