The course: Risk Management & Insurance.

1. A policy that pays the face amount of the policy if the insured dies and also pays the face amount if the insured survives the policy term is called a/an___ policy.

A. whole life B. term life C. endowment D. universal life

2. An annuity that pays only until the annuitant dies is called a ____ annuity.

A. straight life B. whole life C. universal D. term