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Glossary of life insurance terminology & definitions
2023年1月19日 · Our glossary of the most common terms, phrases, and concepts will help you brush up on life insurance definitions in no time. When you're ready to find the right coverage …
Understanding Your Life Insurance Policy - Policygenius
2024年1月5日 · Understanding your policy to make sure you know how your life insurance works is a crucial step to maximizing your benefits. Your life insurance policy is a contract between …
Types of Life Insurance - Policygenius
2024年3月19日 · The most common types of life insurance are term, whole, universal, variable, and final expense. Here’s how each type works and how you can find the right policy for your …
How Does Term Life Insurance Work? - Policygenius
2024年7月31日 · What is term life insurance? Term life insurance is a policy that lasts a set term — usually between 10 and 30 years — and then it expires. You make premium payments in …
Definition of a Policyholder in Life Insurance - Policygenius
The person who owns the life insurance policy. Only a policyholder can make changes to a life insurance contract.
What Is Increasing Term Life Insurance? - Policygenius
2024年3月6日 · Increasing term life insurance policy is a type of term life insurance with a death benefit that increases over time. It is uncommon, but can protect beneficiaries from inflation or …
What Is Liquidity in Life Insurance? – Policygenius
2024年1月3日 · Liquidity in life insurance refers to how easily you can access cash from your life insurance policy. Life insurance policies with a cash value component, such as whole life …
What is family income life insurance & how does it work?
2023年10月11日 · A family income policy, sometimes called a family income benefit (FIB), is a type of term life insurance policy. The policy is active for a certain number of years (the term) …
What is variable universal life insurance (VUL)? - Policygenius
2023年9月19日 · If your primary concern is providing a financial safety net for your family during the period of your life when you have the biggest expenses — like a mortgage or young …
What is permanent life insurance & how does it work?
2024年2月12日 · Permanent life insurance coverage doesn’t expire, but is more expensive than other types of life insurance. Permanent life insurance is best for people with lifelong coverage …