Life Insurance Key Terms
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.
Life insurance key terms. Back to the top. A life insurance policy that provides coverage until the death of the insured person. 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.
Start studying insurance key terms. 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. Insurance protection for a set time period often with an option to exchange the term policy for a permanent life insurance policy. Here are 4 free but awesome keyword research tools you can use to uncover the best life insurance keywords.
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. You can buy term life insurance for 10 15 20 25 or 30 years of coverage however long you need depending on your situation. Understanding every term life insurance definition is the first step toward getting the coverage you need. As its name states term insurance only provides coverage for a specific period of time.
There are three main types of life insurance. And expenses associated with the coverage provided by the terms of the insurance contract. Find common terms related to life insurance and let us translate the fine print for you. Start studying key terms.
It works by gathering user search terms from a number of sources. Life insurance can be complicated but we re here to make it easy. Learn vocabulary terms and more with flashcards games and other study tools. Universal life insurance adjustable life insurance under which premiums and coverage are adjustable.
Back to the top. Life insurance can be complicated but we re here to make it easy. Insurance on the life of a key employee whose death would cause the employer financial loss. Back to the top.
Policy the legal document issued by the life insurance company to the policyholder stating the terms of the life insurance contract. Policy loan a loan a life insurance company makes to a policy owner. Key persons insurance a policy purchased by. This keyword tool is lesser known and can generate life insurance keywords you may not find elsewhere.
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