Across
- 1. The amount that will be paid in case of death or maturity of the policy
- 8. It provides for continuation of the original insurance plan, but for a reduced amount, without further premiums.'
- 10. Similar to Whole Life insurance with flexible premium payments
- 11. A return of part of the premium on participating insurance to reflect the difference between the premium charged and the combination of actual mortality, expense and investment experience.
- 12. The payment a policy owner agrees to pay for an insurance policy
- 14. An endorsement to an insurance policy that modifies clauses and provisions of the policy, including or excluding coverage.
- 15. provides life insurance for the insureds entire lifetime
- 16. Restoring a lapsed policy to its original premium paying status once all conditions have been met
- 17. A statement or proof of your health, finances or job, which helps the insurer decide if you are an acceptable risk for life insurance.
Down
- 2. The amount of cash available upon voluntary termination of a policy
- 3. One of the choices available if the policy owner discontinues premium payments on a policy with a cash value.
- 4. the person who owns the policy.
- 5. provides life insurance if the insured passes from an accident
- 6. The person named in the policy to receive the proceeds upon death of the insured
- 7. provides life insurance for a specified period of time
- 9. The process by which a life insurance company determines whether it can accept an application for life insurance
- 13. A certain amount of time provided to the insured to review the policy and if not satisfied return to the company for a full refund