Insurance Exam Vocabulary Terms
Life – Flexible Premium Adjustable Life
A group life insurance that provides a face amount that is adjustable to the certificate holder and allows the certificate holder to vary the modal premium that is paid or to skip a payment so long as the certificate value is sufficient to keep the certificate in force, and under which separately identified interest credits (other than in connection with dividend accumulation, premium deposit funds or other supplementary accounts) and mortality and expense charges are made to individual certificates while providing minimum guaranteed values.
Other terms you may be interested in:
Our Insurance Exam Prep Includes...
- Hundreds of Insurance Practice Test Questions (that apply to your state)
- Insurance Vocabulary Flashcards
- Study-Mode & Timed-Exam Mode
- Take Unlimited Tests For 1 Year
- User-Friendly On All Devices
- 2024 Updated Material
- Insurance Exam Tip Videos
- Support From Licensed Instructor
- Insurance Terms & Glossary
- Pass Money Back Guarantee