Across
- 3. The price a person must pay for his or her insurance policy
- 4. The semantic role of the intended recipient who benefits from the happening denoted by the verb in the clause
- 5. Insurance on the life of the insured for a fixed amount at a definite premium that is paid each year in the same amount during the entire lifetime of the insured
- 6. Insurance paid to named beneficiaries when the insured person dies
- 7. A contract between the insurer and the insured
Down
- 1. Is a combination of decreasing term insurance and an investment account; often called permanent insurance as policies do not need to be renewed as long as the premiums are paid
- 2. Low-cost insurance that is valid only for a stated period of time and has no cash surrender value or loan value