Life insurance

Life insurance

Contributors in Life insurance

Life insurance

A specified period of time in which the insured can keep the policy for review and, if then decides to return the policy, a full refund is given. The free-look period varies by company and state, so ...

estate tax

Insurance; Life insurance

A tax levied upon the right to transfer property at death, imposed upon and measured by the estate that the deceased leaves.

return of premium (ROP) term life insurance

Insurance; Life insurance

A term life insurance policy in which all the premiums paid to the insurance company are returned to the policyowner at the end of the term, if he or she has outlived the term.

level premium term life insurance policy

Insurance; Life insurance

A term life insurance policy in which the premium remains unchanged throughout the life of the policy (the term).

permanent life insurance

Insurance; Life insurance

A term loosely applied to cash value life insurance. This type of policy is meant to last a whole life, as opposed to term, which is in force for a specified period of time or term.

rated

Insurance; Life insurance

A term used to describe insurance issued to a person who is a substandard risk at a premium rate which is higher than that charged for a standard risk.