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. 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. Back to the top. It works by gathering user search terms from a number of sources.
Key persons insurance a policy purchased by. Life insurance can be complicated but we re here to make it easy. Find common terms related to life insurance and let us translate the fine print for you.
Start studying 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. And expenses associated with the coverage provided by the terms of the insurance contract.
Insurance on the life of a key employee whose death would cause the employer financial loss. Learn vocabulary terms and more with flashcards games and other study tools. This keyword tool is lesser known and can generate life insurance keywords you may not find elsewhere.
Insurance protection for a set time period often with an option to exchange the term policy for a permanent life insurance policy. It s the cheapest form of life insurance because it is only. 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. 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.
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