Across
- 2. The person whose life expectancy an annuity is written on, receives the annuity benefits, and must be a natural person
- 3. A type of permanent policy that has features of both term and permanent policies
- 8. A type of policy that lasts until age 100 and allows the client to build cash value
- 9. In order to sell variable policies an agent must be registered with this license
- 10. Also known as the accumulation period in which payments are made into the annuity
- 11. The acronym for an increasing term policy that is normally used as a rider
- 14. Another name for Ordinary/Traditional/Original/Continuous premium policies
- 16. A permanent police that features a flexible premium and is dually regulated by the state and federal government
- 18. The person who purchases an annuity and has all of the rights in the contract
- 23. During the accumulation period payments earn interest on this basis
- 25. The Death benefit option the features and IRS corridor or gap
- 28. A type of annuity that is often offered to winners of a state lottery
- 29. A feature on term policies that allows you to extend coverage without evidence of insurablility
- 31. The type of license that is required for the sales of Variable policies
- 32. a type of annuity that aims for higher returns and is also classified as a fixed annuity
- 33. The person who receives the amount paid into the annuity or the cash value (whichever is greater) if the annuitant dies
- 34. A type of permanent policy that only needs premium for a certain amount of time and none after that, it also goes by the name LP-65
- 35. A life policy that pays out only on the first death of the clients in the policy
- 36. The savings element that allows clients to build money in permanent policies
- 38. A permanent policy that is tied to the performance of the S&P 500
- 39. Protection that only lasts for a certain period of time
Down
- 1. A feature on term policies that allows you to change coverage from one that expires to one that does not
- 4. The insurance component of a universal life policy
- 5. The Death benefit option that allows you to receive both the death benefit and the Cash Value of the policy
- 6. The type of premium a client would pay to keep the policy inforce for the current year
- 7. a whole life policy that is also referred to current assumption life
- 8. This period is known as the Annuitization period in which the money that has accumulated in the annuity has become income payments to the annuitant
- 12. A life policy that is commonly referred to as second to die and pays only on the last death of the client
- 13. This may last for the lifetime of the annuitant
- 15. This policy goes by several names and has the lowest annual premium
- 17. The acronym for a type of policy that has an annually increasing premium
- 19. This type of annuity features a minimum guaranteed rate of interest and a level benefit payment amount
- 20. A type of permanent policy that only needs to be paid into once and builds immediate cash value
- 21. A policy that is mostly used for mortgages, loans and other debts
- 22. The type of premium a client would pay to keep the policy in force for it's lifetime
- 24. A type of annuity the serves as a hedge against inflation and requires a securities license
- 26. An annuity that pays out anytime after 1 year of the annuity purchase date
- 27. A permanent life policy that features a level, fixed premium and assets must be invested in a separate account for investing in the stock market
- 30. One of the entities that monitors the sale of Variable products
- 37. Refers to the death benefit that does not change