Term Life Insurance

Sunday, December 04, 2016
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Life Insurance Glossary

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Waiver of Premium:
When a life insurance company no longer requires that an insured party make premium payment if he/she has become disabled for longer than six months. The insurance policy remains in full force even though premium payments are no longer required.

Whole Life Insurance:
A type of life insurance that remains in full force for the insured's entire life, as long as premiums are paid.

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