Life Insurance Key Terms
Underwriting for life insurance usually consists of reviewing your answers to health questions your height and weight the results from a medical exam driving record and financial history.
Life insurance key terms. Policy the legal document issued by the life insurance company to the policyholder stating the terms of the life insurance contract. Typically the most affordable insurance option for protecting your family s financial future for a specific period of time such as the years until a child graduates from college. Back to the top.
The policy is. As its name states term insurance only provides coverage for a specific period of time. Life insurance can be complicated but we re here to make it easy.
Key persons insurance a policy purchased by. Learn vocabulary terms and more with flashcards games and other study tools. Health and life insurance obj 7 01.
The financial loss that may arise due to the passing away of the life assured is generally chosen as a life cover when buying a life insurance plan. Back to the top. This keyword tool is lesser known and can generate life insurance keywords you may not find elsewhere.
You can buy term life insurance for 10 15 20 25 or 30 years of coverage however long you need depending on your situation. It s the cheapest form of life insurance because it is only. In technical terms sum assured is the term used for an amount that the insurer agrees to pay on death of the insured person or occurrence of any other insured event.
Insurance protection for a set time period often with an option to exchange the term policy for a permanent life insurance policy. Start studying key terms. Here are 4 free but awesome keyword research tools you can use to uncover the best life insurance keywords.
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