Examlex
A ____ is a program that runs automatically, without requiring a person to start or stop it.
Cash Surrender Value
The amount that the insurer has agreed to pay to the insured if a life insurance policy is canceled before the insured’s death.
Term Insurance
A type of life insurance policy for which premiums are paid for a specified term and payment is made by the insurer only if the insured dies within the term period.
Cancel Policy
A cancel policy refers to the terms under which an agreement, insurance policy, or service contract can be terminated before its natural expiration date.
Advance Written-notice
A notification given in writing ahead of time, often a requirement in legal and contractual situations.
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