Define the following life insurance terms:

Beneficiary

Face amount

Insured

Premium

Policy holder

Policy Owner

Describe the major difference between term and cash$-$value life insurance. What is the primary advantage and disadvantage of each?

What is a policy rider? Describe five commonly available life insurance policy riders.

Summarize the advantages and disadvantages of using a flexible spending account to help control health care costs.

Describe the four parts of a standardized personal auto policy $($PAP$).$

What auto insurance coverage is required on all cars?

Define the $6$ different $HO$ policies.