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Term life insurance is a risk management tool used to protect your assets and/or replace your income should you die during a specific period of time. In exchange for a (modest) premium, guaranteed for a specific number of years, the insurance company promises to pay your beneficiary an agreed upon sum. Term policies also generally include the right to convert to permanent plans even if your health has deteriorated.
It is often referred to as "pure" insurance because there is no cash value. In recent years, some carriers have begun to offer a "return of premium" term policy that allows you to recover all the premiums you've paid if you outlive the initial term of the contract.
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What does the term company mean?
what does the term company mean in insurance
What does the statement, "insurance life no physical term" mean?
It would mean you could get term life insurance with no medical exam. Term life insurance only protects you till a certain age.
What is the term unadmitted insurance company mean?
Admitted insurance is an insurance company that has been approved by a state's insurance department. Admitted insurance varies by state.
What does the term title insurance mean?
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What does the insurance class code 63010 mean?
llong term rental ?
What does gtl mean on a paycheck?
Group Term Life (life insurance)
What does GTL mean on a check stub?
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What do you mean by the term life insurance?
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How do catastrophes affect short-term insurance?
Not sure I understand what you mean by short-term with regard to cats? please expand your question. does climate change affect insurance
What does the term covered lives mean?
"Covered lives" is a term used by health insurance companies to indicates how many people have health insurance - whether on a particular insurance plan, or in a region, a state, or in the country as a whole.
What does the term deductible mean on health insurance?
It's the part of the cost you must pay before the insurance pays anything.
What does the term 'premium volume' mean?
The term premium volume is a measure of in-force business in a health insurance company. In-force business refers to the aggregate total of insurance policies which are being paid that a health insurance firm has on its record.
