Life Insurance Definitions and Terms

Browse our list of life insurance definitions. We’ve attempted to define the more pertinent terms associated with life insurance. Be sure to view our Life Insurance Q&As page for more life insurance education. If you have questions about a specific term you’ve seen on your life insurance policy please contact us.

Accelerated Death Benefit
Accidental Death and Dismemberment
Actuary
Annuity
Application
Beneficiary
Cash Value
Coverage
Death Benefit
Endowment Life Insurance
Extended Term Life Insurance Option
Face Amount
Guaranteed Acceptance Life Insurance
Health Class
Insurance Agent
Insurance Broker
Life Insurance
Life Insurance Policy
Medical Exam
Mortgage Insurance
No Medical Exam Life Insurance
Permanent Life Insurance
Policy Owner
Premium
Return of Premium Life Insurance
Second to Die Life Insurance
Survivorship Life Insurance
Term Life Insurance
Uninsurable
Universal Life Insurance
Variable Life Insurance
Whole Life Insurance