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7 Cards in this Set
- Front
- Back
- 3rd side (hint)
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Policy exclusions |
Cash payment Reduce premium Accumulate at interest Paid up additions Paid up insurance One year term |
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Nonforfeiture option |
Reduced paid up Extender term Cash surrender |
Rec |
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Dividend options |
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Crappo |
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Settlement options |
Cash payment Life income Interest only Fixed period installments Fixed amount installments |
Cliff |
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Reduced paid up |
Use the cash value to buy reduced face amount policy of the same type for the life of the policy |
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Extended term |
Same face amount but term policy ( common automatic option) the term policy expires when the money runs out |
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Cash |
Cash surrender, interest taxable, surrender charges (decreases over time |
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