an optional addendum to a life insurance policy that permits a portion of the policy's benefits to be paid early in instances when the insured is terminally ill

an optional addendum to a life insurance policy that permits a portion of the policy’s benefits to be paid early in instances when the insured's life expectancy is limited to a year or less, as determined by a physician

an optional addendum to a life insurance policy that permits payment of a separate benefit in addition to the death benefit when the insured’s death is determined to be the direct result of an accident

an associate or representative of an insurance company that manages life insurance contracts

the individual(s) who receive the benefits of a life insurance policy, as designated by the insured, upon the insured’s death

the funds that an insurance company will release to the insured if their contract is terminated for a reason that is not the insured’s death

a term life policy containing a provision that can convert it to a permanent life insurance policy

the face amount or full amount of a life insurance policy that is paid to the beneficiary upon the insured’s death

a term life insurance policy whose benefit payouts slowly decrease (either from month to month or from year to year) from the policy effective date to the policy expiration date

an optional addendum to a life insurance policy that disburses regular income to the insured if they become disabled due to an injury or illness

the surplus funds that an insurer releases to its policy holders when actual expenses and interest paid were less than expected

the criteria (such as physical condition and employment) that an insurance company uses to determine an applicant’s eligibility for insurance

a form of whole life insurance that provides a payout to cover end of life expenses such as funeral costs.

an optional addendum to a term life insurance policy where the death benefit increases in increments throughout the life of the policy, usually as a cost-of-living supplement

a term life insurance policy whose benefits and premiums remain the same from the policy effective date to the policy expiration date

the exam performed by a licensed physician as part of the life insurance policy application process to determine if the applicant will be accepted on a “medical” (typically those who require a larger amount of insurance) or “non-medical” (typically those who require less insurance and/or those who need it quickly) basis

the monthly or annual payment made to the insurance company that holds the insured’s life insurance policy

an optional addendum to a life insurance policy (typically used to add or waive coverage) that becomes a part of the policy

a type of life insurance plan that covers the insured for a short period of time (less than the insured’s lifetime) and that disburses benefit funds only if the insured dies during the life of the policy and if the policy is current

a permanent life insurance plan that disburses benefit funds like a traditional life insurance plan, but also permits the insured to adjust both their coverage and their premium payment amount

a permanent life insurance plan that covers the insured for their entire life, often with fixed benefit funds and premium payments