- With dividends, a policyowner could choose to _____________ or buy additional coverage in the form of _____________ or one year term
- The policyowner pays _______ in the early years to help cover ______________________ in later years
- The surrender cost index uses a calculation formula where the _____________ is averaged over the _________________ to arrive at the average cost-per-thousand for a policy that is surrendered for its ________ at the end of the period
- How long is the contestable period when a reinstated policy goes into effect?
- What has the greatest effect on premium calculations or rate-making?
- If one pays a premium and receives something in return, such as a dividend or cash value
- For this payment method to work, the policyowner must make ________________ to build up the cash value
- How long are mandatory free-look periods?
- A company can always ______ for nonpayment of premiums
- Who is entitled to the proceeds upon the death of the insured?
- comparative interest rate is the ________________ required on the investment account, so the value of the investment is _________ to the surrender value of the higher premium policy at a specific point
- Who chooses the settlement option when the insured dies?
- Unless a policy loan is present at the time of surrender, the coverage amount of the new paid-up extended-term life policy will be ________ to the face amount of the _________
- The face amount of a Jumping Juvenile Insurance (Estate Builder) can be as low as
- When may be the only time the insurance company challenges a claim?
- When are insurers required to make cash value surrenders available for ordinary whole life insurance?
- Premium payments have to be what to generate cash sufficient values
- Unlike nonforfeiture options, when a dividend option is selected
- If the company's underlying death, investment, and expense assumptions are more favorable than expected
- The employee must make application for a _____________ within a given period of time __________ depending on the state