A type of life insurance where the premium and benefits are adjustable and the policy holder may assign the premium payments to a specific and separate investment account, similar to a mutual fund. Back to top W Waiver of Premium (total disability) Rider - A rider to an insurance policy providing that the policy and coverage will remain in effect f [..]

A type of permanent life insurance where the premium and benefits are adjustable. Back to top

A type of permanent life insurance that requires only one premium payment and may earn cash value as long as the policy is in effect. Back to top T Term - The length of time for which an insurance policy remains effective.

A type of life insurance that covers the insured for a specified period of time. Back to top

An alternate beneficiary, listed on an insurance policy who will receive the benefit, if the primary beneficiary is deceased. This is sometimes referred to as a "Contingent Beneficiary."

The price of an insurance policy, typically quoted on an annual, semi-annual, quarterly or monthly basis. Back to top

The contract between the insurance company and the insured which contains all the terms and conditions of the insurance arrangement.

An employee of an insurance company responsible for reviewing and processing claims. Back to top F Funeral Costs - Fees associated with the death and burial ceremonies of a person including things like a casket, grave stone, cemetery space, funeral home, religious official, flowers and other items. Back to top I Inheritance Tax - A tax on a deceden [..]

A person who relies on you for support. Back to top E Estate Fees - Payments made to advisors, usually attorneys, to administer the transition of real property and assets from a decedent to an heir.

The amount of money to be paid to a beneficiary when the insured dies.