Term Answer Description Loss prevention A. This is an insurance policy that maintains a level premium throughout all periods of coverage while the amount of death benefit protection decreases over the same period. Convertibility This is permanent cash-value insurance that provides both the death benefit and a tax-sheltered savings or investment account that earns a competitive rate of interest. Risk assumption This is one of the largest insurance rating agencies in the United States. D. This refers to the practice of accepting and incurring a risk of loss. Decreasing term policy Cash value E. This refers to the accumulated refundable value of an insurance policy. Multiple indemnity clause This clause in an insurance policy increases the policy's face amount if the insured dies in an accident. Needs analysis method G. This is a provision of a term life policy that allows the insured to convert the policy into a comparable whole life policy. H. This is a method of determining the amount of life insurance coverage needed by considering a person's financial obligations and available Grace period needed by considering a person's financial obligations and available resources, including any life insurance. I. This is an activity that reduces the probability that a loss will occur. A.M. Best Company D J. Universal life insurance This provision of an insurance contract permits the policyholder to retain full death protection for a short period of time after missing a premium payment date. Term Answer Description Loss prevention A. This is an insurance policy that maintains a level premium throughout all periods of coverage while the amount of death benefit protection decreases over the same period. Convertibility This is permanent cash-value insurance that provides both the death benefit and a tax-sheltered savings or investment account that earns a competitive rate of interest. Risk assumption This is one of the largest insurance rating agencies in the United States. D. This refers to the practice of accepting and incurring a risk of loss. Decreasing term policy Cash value E. This refers to the accumulated refundable value of an insurance policy. Multiple indemnity clause This clause in an insurance policy increases the policy's face amount if the insured dies in an accident. Needs analysis method G. This is a provision of a term life policy that allows the insured to convert the policy into a comparable whole life policy. H. This is a method of determining the amount of life insurance coverage needed by considering a person's financial obligations and available Grace period needed by considering a person's financial obligations and available resources, including any life insurance. I. This is an activity that reduces the probability that a loss will occur. A.M. Best Company D J. Universal life insurance This provision of an insurance contract permits the policyholder to retain full death protection for a short period of time after missing a premium payment date