Insurance Flashcards
1
Q
Settlement options
at death
A
CRIPPSS Cash Refund Interest only (if need more time) Pure life Period certain and life Specified period Specified income
2
Q
Nonforfeiture options
A
CEP
Cash
Extended term/paid up term
Paid up reduced amount
3
Q
Dividend options
A
CRAPO Cash Reduce premiums Accumulate with interest Paid up additions One year term (fifth dividend)
4
Q
Settlement options
A
CRIPPSS Cash Pure life/single life Refund Period certain and life Specified period/income Interest only
