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Life Insurance Glossary
Learn about the various terms and concepts related to life insurance policies, benefits, and coverage options.
Featured Terms
Term Life Insurance
A type of life insurance that provides coverage for a specific period of time, such as 10, 20, or 30 years.
Read MoreWhole Life Insurance
A type of permanent life insurance that provides lifetime coverage and builds cash value over time.
Read MoreBeneficiary
The person or entity designated to receive the death benefit from a life insurance policy upon the insured's death.
Read MorePremium
The amount you pay monthly, quarterly, or annually to have health insurance coverage.
Read MoreCash Value
The savings component of permanent life insurance policies that grows over time on a tax-deferred basis.
Read MoreUniversal Life Insurance
A type of permanent life insurance that offers flexibility in premium payments and death benefit amounts.
Read MoreAll Terms
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