contracts tied to a stipulated stock index. What kind of policy is this?
ANS Equityindex whole life
18. What happens to the coverage under a children's term rider when that childreaches a
certain specified age
ANS coverage is eliminated
19. A life insurance policy written on one contract for two people in which it ispayable
upon the first death is called
ANS Joint
20. What is an insurance policy's grace period
ANS Period of time after the premiumis due but the policy remains in force
21. Of the following dividend options, which of these is taxable
ANS accumulationof interest
22. A provision in a whole life policy that allows a policyowner to terminatethe policy
in return for a reduced paid-up policy of the same type is called a(n)
ANS Nonforfeiture provision
23. The double indemnity provision in a life insurance policy pertains to aninsured's
death caused by a(n
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