Life Insurance Today
home Contact Us Get A Free Quote
Life Insurance Right Now - Saving You Hundreds of Dollars on Life Insurance.
  Call Life Insurance Right toll free at 1-800-930-6162


Helpful Information

Glossary of Life Insurance Terms

Guaranteed Level Term Insurance:
This policy has a guaranteed premium for a term 5, 10, 15, 20, 25 or 30 years. The face value of the policy never changes. This insurance policy is generally the least expensive policy. The policy, however, is not designed to remain in effect for the rest of your life.

Universal Life or U.L. Policy:
This policy is designed to be with you for as long as you would like, most often the rest of your life. The policy might be referred as a permanent policy. The policy accumulates cash in the policy and can be flexible with the premium payment.

Annual Renewable Term Life:
This policy gives ample protection, yet increases in price every year. Primarily used for very short periods of time.

The Policy Face Amount:
This refers to the value of the life insurance policy. The beneficiaries would receive this amount tax-free. This face amount usually does not change in value unless the owner makes a change.

This term refers to exchanging an old life insurance policy for a new policy. Before replacement make certain that you compare the benefits and terms of the new proposal. Do not discontinue your current policy until the new policy is issued.

Conversion Clause:
A condition within the policy that will allow you to exchange the policy to a different type of plan without having to re-qualify. For instance, converting a term insurance plan to a permanent universal life plan.

This term refers to a person who may become eligible to receive the value of a life insurance policy. The beneficiary will receive the face value of the policy tax-free. The owner of the policy designates this beneficiary.

Waiver of Premium/Rider:
This is an addition to the policy, which allows the policy to be paid for in the event of your disability, therefore, leaving no ability to pay for the premiums. The life insurance pays the premiums and your protection remains in force.

Child Rider:
This provides a small amount of insurance in the event of the loss of a child. The policy will pay to help cover expenses, time off work, etc. For example, you can specify the amount between $10,000 to $25,000.


Call us Toll Free at 800-930-6162 or e-mail us at



Top of Page | Go back

Home | Contact Us | Quote
Family | Estate | Mortgage | Business
Modern Convenience | Primary Types
Happen to You? | A.M. Best



©copyright 2001+
Toll Free: 800-930-6162


Get A Free Quote!

Helpful Information









Receive a personal, free life insurance quote