match the proper term to the correct definition. A form of permanent life insurance that builds cash value based on a fixed premium that is payable for the life of the insured. 1. Underwriting 2. Cash value 3. Policy owner The portion of the premium in excess of insurance-related and company expenses that is invested by the insurance company on behalf of the policy owner. 4. Cost of insurance 5. Mortality rate 6. Waiting period A form of permanent life insurance that does not build cash value. 7. Life insured 8. Whole life insurance > The number of deaths in a population or in a subgroup of a population. 9. Term to 100 insurance 10. Renewability option The individual who owns all rights and obligations to the policy