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Life insurance (or life assurance, especially in the Commonwealth of Nations) is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death of an insured person. Depending on the contract, other events such as terminal illness or critical ...
estate. Landed property, tenement of land, especially with respect to an easement (servitude). 2 types: praedium dominans - dominant estate (aka dominant tenement) praedium serviens - servient estate (aka servient tenement) praeemptio. previous purchase. Right of first refusal. praesumptio. presumption.
Term life insurance or term assurance is life insurance that provides coverage at a fixed rate of payments for a limited period of time, the relevant term. After that period expires, coverage at the previous rate of premiums is no longer guaranteed and the client must either forgo coverage or potentially obtain further coverage with different payments or conditions.
No matter what kind of life insurance coverage is needed, it’s a good idea to shop around for quotes from several life insurance carriers to find the best price and terms. The same type of ...
Permanent life insurance: Permanent life insurance offers coverage until the policyholder’s death as long as the other terms of the insurance contract are met (e.g. the premium is paid). This ...
“The main benefit of a term life insurance policy is its affordability: premiums are lower to start than those paid for permanent insurance and, as such, it allows the owner to buy the most life ...