Match the Following Terms with Their Definitions

question 100

Multiple Choice

Match the following terms with their definitions.
-Face amount

• 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

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Definitions:

Authority Ranking

A social structure where individuals are ranked according to their power, status, or authority, with clear hierarchies and levels of command.

Market Pricing

The process of determining the selling price of a product or service based on supply, demand, and other market factors.

Equality Matching

A principle of social justice that emphasizes fair distribution of resources and opportunities, ensuring that everyone receives an identical share or treatment.

Community Sharing

The practice of sharing resources, responsibilities, and benefits equally among members of a community.