life insurance

term life insurance

face value

death benefit

tax deductible

60 days

Variable annuities

The annuitant assumes the risks on investment

paid up option

Equity indexed annuities

The rider is usually level term insurance

every 2 years

Owner's rights

Revocable beneficiary

paid up option

...

misrepresentation

Premium amounts and surrender values

What is the benefit of choosing extended term as a nonforfeiture option?

10 days

insuring clause

Equity indexed annuities

insuring clause

mutual insurance company

survivorship