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Acronyms for Memorization
10 cards·by legacy-6008238323531776@noemail.invalid
Methods of handling Risk
ARRT
ARRT
Avoid, Reduce, Retain, Transfer
Elements of Contract
LOCCA
LOCCA
Legal Purpose, Offer, Consideration, Competent Parties, Acceptance
Non-Forfeiture Options
REC
REC
Reduced Paid-Up, Extended Term, Cash Surrender
Premium Factors
MIX
MIX
Mortality/Morbidity, Interest, eXpense
Dividends Option
CRAPPO
CRAPPO
Cash, Reduce Premium, Accumulate @ Interest, Purchase Paid-Up Additions, One-Year Term
(5th Dividend Opt)