Endowment Insurance
Endowment insurance is a type of life insurance that combines life insurance protection with a savings plan.
Insurance Glossary
Glossary/Encyclopedia of insurance terms. In addition to the brief description of insurance terms, we have also provided detailed explanation of each term. By selecting ‘More Details’ in each term, you can view the detailed explanation of the term with examples.
Extended Term Insurance
Extended term insurance is a non-forfeiture option available in some life insurance policies that allows the policyholder to use the cash value of their policy to purchase a term life insurance policy with the same death benefit as the original policy, but for a limited term.
Group Life Insurance
Group life insurance is a type of life insurance where a single contract covers an entire group of people, usually employees of a company or members of an organization.
Guaranteed Issue
A type of insurance that does not require the applicant to answer health questions or take a medical exam to qualify for coverage.