Cash-value-The amount of total premiums paid for a policy minus the costs for insurance in whole-, universal-, and variable universal-life policies. The cash-value grows tax-free in an insurance policy. Death Benefit-The total cash payment made to the beneficiary upon the death of the insured.ife Income. 1  Example: $100,000 death benefit-beneficiary (a 54-year-old male) elects the life income option. 2  Based on his life expectancy, the insurance company promises to pay the beneficiary $6,250 per year for life.
The Second Continental Congress first met on May 10, 1775. After that, the delegates continued to meet in different sessions until March of 1781, when the Articles of the Confederation were ratified. After this, the congress was called the Congress of the Confederation. 2  In the First Continental Congress, Patrick Henry, a delegate from Virginia, made the bold statement that I am not a Virginian, I am an American.
The First Continental Congress was held in Independence Hall. True False.