Description Term Answer Term life This is the person who will receive a life insurance policy's death benefit . insurance after the insured dies. Risk . This is a hypothetical representation of an insurance policy's performance that reflects the most important assumptions that the insurance company uses when presenting the policy to a prospective client This is the statistical information used by an insurance company's Credit life . underwriters to estimate the risk of loss faced by the company's insurance population of insured policyholders. This type of life insurance is usually sold in conjunction with an Beneficiary D. installment loan. Variable life The benefits provided by this life insurance policy are determined by . insurance the returns generated by investments selected by the policyholder. Nonforfeiture Upon the cancellation of a whole life insurance policy, this provision of F. right the contract entitles the policyholder to claim the portion of assets that were set aside to provide payment for the contract's future death benefit. Mortgage life G. This refers to uncertainty regarding a potential economic loss. insurance This is a life insurance policy designed to pay off a mortgage in the Lump sum . settlement event of borrower's death. Actuarial data This refers to an insurance policy that provides only death benefits for I. a specified period of time. Life insurance This method of settling a life insurance policy requires the insurer to J. policy illustration make a single payment to the beneficiaries