Term Life Insurance

Sunday, December 04, 2016
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Life Insurance Glossary

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Variable Life Insurance:
An investment oriented type of permanent life insurance that provides both life insurance coverage and a savings vehicle through sub-accounts with the amount of return linked to an underlying portfolio of securities. Variable life insurance has a fixed premium and a guaranteed minimum death benefit.

Voidable:
An insurance policy that can be cancelled by either the insurer or the insured if either side breaches any term(s) in the contract.

For more reference, click on any of the letters below to find life insurance terms that begin with that letter.
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