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Match the following terms with their definitions. 1. Used when insured cancels 2 One to receive face value of life insurance 3 Periodic payment 4
Match the following terms with their definitions. 1. Used when insured cancels 2 One to receive face value of life insurance 3 Periodic payment 4 80% 5 Amount of insurance stated on the policy 6 Result of a nonforfeiture value 7 Value of policy when terminated 8 Blame doesn't matter in payoff Continual premium payments 10. Policyholder 11. Fire, theft 12. Builds no cash value 13. Options when an insurance policy is terminated 14. Pay for repairs to one's auto 15. Amount insured pays 16. The insurance company 17. Not optional 18 Payment to insured from a loss 19 Combination of term and whole life
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