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The definitions contained herein are for general information only and are not
designed for use in connection with the interpretation of any insurance policy
or annuity policy issued through Insurance Answer Center.
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Life Insurance Glossary Terms 4 A B C D E F G H I J K L M N O P Q R S T U V W Y |
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Life Insurance |
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This is a contract or policy under which a death benefit is paid on the death of an insured person in exchange for periodic premium payments. There are two basic types of life insurance: term life insurance and permanent life insurance. Under permanent life insurance, in addition to death benefit coverage, the policy also accumulates a cash value, which you can borrow against or be paid (less any loans) if you surrender your policy. See also Term life Insurance, Whole Life Insurance, Interest Sensitive Whole Life Insurance and Universal Life Insurance. |
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Learn More about Life Insurance
Start a Life Insurance Quote
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| Answer Financial(R) Inc. offers insurance products and services through its licensed affiliates Insurance Answer Center(R) Inc. (California License No. 0B99714), Answer Center Insurance Agency, Inc., and other affiliates. Answer Financial is not an insurance company. Insurance plans and services are from insurance companies and other licensed insurance-related providers. Not all products available in all states. Rates subject to change. |
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