Life Insurance Vocabulary Quizlet

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Life insurance vocabulary quizlet. Learn life insurance vocabulary with free interactive flashcards. Study life insurance exam using smart web mobile flashcards created by top students teachers and professors. Insurance company types and classifications 19 cards.

Insurance claims 8 cards. Permanent life insurance policies offer a cash value component that makes them more expensive than term policies and is usually only a good option for people with particular circumstances. A life insurance policy that is active for the entirety of the policyholder s life.

Choose from 500 different sets of life insurance vocabulary flashcards on quizlet. One of three basic types of life insurance whole life universal life and endowment that remains in force until the policy matures unless the owner fails to pay the premium and the cash value is insufficient to cover policy charges and expenses. Use this informative health and life insurance glossary to understand the definitions of many commonly used insurance terms.

Insurance licensing iowa life a h 95 cards. Life assured may or may not be the policyholder. Insurance agent 120 cards.

The policy cannot be cancelled by. For instance a husband buys a life insurance plan for his wife. Allow the policy owner to pay more or less than the planned premium.

Maximum time for reinstatement of a life policy. Insurance chapter 1 17 cards. 1 n insurance paid to named beneficiaries when the insured person dies synonyms.