Insurance terms can be confusing. Learning these essential terms in life insurance will help you understand the terms of any life insurance policy.

When you use our links to explore or buy products we may earn a fee, but that in no way affects our editorial independence. A benefit to whole and universal life insurance policies is that you can ...

19 Rating Factors We score life insurance companies based on 19 different factors to provide you with a comprehensive rating. A Modified Endowment Contract (MEC) is what happens when a life ...

Variable life insurance is considered securities contract as it involves investment risk. Cash value is the savings component of permanent life insurance policies (whole life, universal life ...

What is life insurance? Life insurance is a contract between you and a life insurance company, where you pay premiums (monthly or annually) for a payout that your living relatives will receive ...

How Does Life Insurance Work? A life insurance policy is a contract between a policyholder and an insurer. The policyholder agrees to pay ongoing premiums and in exchange the insurer pays out a ...

Not disclosing existing life insurance policies while purchasing a new policy can be grounds for claim rejection, according ...

No one should have to deal with the death of a family member and then be ignored by a Life Insurance provider.

The Nairametrics article published on March 17, 2025, titled “AIICO’s 2024 Profit Growth Masks a Claims-Driven Underwriting ...

Life insurance is designed to provide benefits ... feature that lets you take out a portion — such as 10% — of your contract each year. Bear in mind that as with IRAs and 401(k)s, earnings ...