Life Insurance Glossary

The language used in most life insurance policies can be very difficult to understand. We've defined most of the difficult terms in simple every-day language to make it easy.

Death Benefit - the amount of money your beneficiary will receive if you end up dying with an active, current life insurance policy.

Beneficiary - the person who gets the death benefit (money) from your life insurance policy if you die.

Term - the length of time your insurance provider is required to honor the policy, so long as you stay current on the payments.