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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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Term Life Insurance |
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Unlike whole life insurance, this type of insurance is written to cover a specified period of time, such as 5, 10, 15 or 20 years of the insured's life (but is usually automatically renewable) up to a certain age, such as 90 to 95. If the insured is alive at the end of that period, the policy terminates and no benefit is payable. Premiums may be level for the specified period then usually increase each year thereafter. |
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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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