Across
- 4. (4) Period of time in which you are covered by the policy for.
- 7. (5) Legal tool used to ensure a policy pays out directly to beneficiaries, avoiding IHT.
- 8. (7) The industry term for the extra premium added to a policy due to a higher-than-average risk.
- 9. (11) The person who receives the cash payout upon the death of the insured.
Down
- 1. (7) The regular monetary charge a client pays for their insurance cover.
- 2. (5)The unfortunate event that triggers a life assurance payout.
- 3. (8) The most common large debt that life insurance is taken out to repay.
- 5. (9) The waiting time before Income Protection benefit payments begin
- 6. (9) A medical condition or activity specified in the policy that the insurer will not pay out for.
- 10. (9) The economic problem an indexed policy is designed to combat.