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What you should know about life insurance before and after you buy
Life Insurance Terms Explained
The process by which all information is gathered and a final decision is made as to weather or not coverage will be offered.
A life insurance company (i.e. AIG, MetLife, Prudential).
This is the money that’s available within your life insurance policy. You can take out most of this at any time and the full amount if you cancel the policy.
An optional benefit you can add to an insurance policy that provides additional benefits for additional cost.
The amount you pay for an insurance policy either monthly, quarterly or annually.
Refers to instances where a taxpayer can delay paying taxes on earnings such as interest, dividends or capital gains until they withdraw them.