Retire and Death
Insurance that provides only death benefits, for a specified period, and does not provide for the accumulation of cash value.
What is Term Life.
A term insurance policy that maintains a level premium throughout all periods of coverage while the amount of protection decreases.
What is decreasing term life insurance
A term life policy provision allowing the insured to renew the policy at the end of its term without having to show evidence of insurability.
What is renewability
A term life policy provision allowing the insured to convert the policy to a comparable whole life policy
What is convertability
This is unavailable with a term life policy
What is a policy loan.