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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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Probate |
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The court process of paying debts, taxes, expenses, and disposing of property of a deceased person in compliance with state laws. One of the benefits of a term or permanent life insurance policy is that the death benefit can be paid directly to the beneficiary thereby avoiding the expense and time delays of probate. The death benefit under a deferred annuity policy can also be paid directly to a beneficiary. Visit our annuity site to learn more about the different types and benefits of annuities. |
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Learn More about Life Insurance
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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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