California Life Insurance Quotes
California Truck Insurance.net now offers whole and term life insurance
quotes online. We of course specialize in California life insurance
and we deal with almost all reputable California life insurance company.
California Truck Insurance.net prides itself on providing affordable term
life insurance quotes to its visitors. California term life insurance is
an essential part of any long term planning. At California Truck Insurance
.net you can get an online term life insurance quotes from various
companies. Those looking to find great California life and health
insurance quote need not look any further. California truck insurance.net
will provide these services at great prices.
Beneficiary
The person(s) named in the policy to receive the life insurance proceeds
upon the death of the insured.
Cash (Surrender) Value
The amount that is available in cash for loans and that may be available
for withdrawals. Accessing Cash Surrender Value may reduce the death
benefit and may increase the risk of lapse.
Convertible Term Insurance
Term insurance which can be exchanged (converted), at the option of
the policyowner and without evidence of insurability, for a permanent
insurance policy.
Dividend
A return of part of the premium on participating insurance that is based
on the insurer's investment, mortality, and expense experience. Dividends
are not guaranteed.
Face Amount
The amount stated on the face of the policy that will be paid in case of
death. It does not include additional amounts payable under accidental
death or other special provisions, or acquired through the application of
policy dividends.
Insurability
Acceptability to the company of an applicant for insurance.
Insured or Insured Life
The person on whose life the policy is issued.
Level Premium (Life Insurance)
Life insurance for which the premium remains the same from year to year.
The premium is normally more than the actual cost of protection during the
earlier years of the policy and less than the actual cost in the later
years. The building of a reserve is a natural result of level premiums.
The payments in the early years, together with the interest that is to be
earned, serves to balance out the underpayment of the later years.
Loan (Policy Loan)
A loan made by a life insurance company from its general funds to a
policyowner on the security of the cash value of a policy.
Paid-up Insurance
Insurance that will remain in force with no need to pay additional
premiums.
Participating Policy
A life insurance policy that is eligible for the payment of dividends by
the insurer (see also Dividend.)
Permanent (Life Insurance)
Any form of life insurance except term; generally insurance that builds up
a cash value, such as whole life.
Policyowner
The person who owns a life insurance policy. This is usually the insured
person, but it may also be a relative of the insured, a partnership or a
corporation.
Premiums
Payments to the insurance company to buy a policy and to keep it in force.
Renewable Term Insurance
Term insurance which can be renewed at the end of the term, at the option
of the policyowner and without evidence of insurability, for a limited
number of successive terms. The rates generally increase at each renewal
as the age of the insured increases.
Term Insurance
Life insurance that does not build up cash value and where the premium
normally increases as the insured gets older.
Universal Life Insurance
A flexible premium life insurance policy under which the policyowner may
change the death benefit from time to time (with satisfactory evidence of
insurability for increases) and vary the amount or timing of premium
payments. Premiums (less expense charges) are credited to a policy account
from which mortality charges are deducted and to which interest is
credited at rates which may change from time to time.
Whole Life Insurance
A basic type of permanent life insurance which can provide lifetime
protection at a level premium. Premiums must generally be paid for as long
as the policy is in force.
Term Life Insurance Quotes |
