Match the following terms with their definitions.
-Premium
A) Continual premium payments
B) Used when insured cancels
C) Blame doesn't matter in payoff
D) Periodic payment
E) Not optional
F) Combination of term and whole life
G) Result of a nonforfeiture value
H) Policyholder
I) Amount of insurance stated on the policy
J) Value of policy when terminated
K) Builds no cash value
L) Options when an insurance policy is terminated
M) One to receive face value of life insurance
N) Payment to insured from a loss
O) 80%
P) Pay for repairs to one's auto
Q) Amount insured pays
R) The insurance company
S) Fire, theft
Correct Answer:
Verified
Q68: Match the following terms with their definitions.
-Nonforfeiture
A)Continual
Q69: Calculate the amount the insurance company
Q70: Match the following terms with their definitions.
-Insured
A)Continual
Q71: Match the following terms with their definitions.
-Beneficiary
A)Continual
Q72: Match the following terms with their definitions.
-Compulsory
A)Continual
Q74: Match the following terms with their definitions.
-Indemnity
A)Continual
Q75: Calculate cost and refund (use table
Q76: Using the tables in the handbook, calculate
Q77: Match the following terms with their definitions.
-Deductible
A)Continual
Q78: Match the following terms with their definitions.
-Face
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