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    ing Term Life Insurance

    A decreasing term life policy decreases by a set amount each year for the duration of the policy period.

    Evidence Of Insurability

    The medic

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    Have you ever found yourself totally confused about a certain life insurance term? You're not alone, we all have at one time or another. Well, here is a quick guide in understanding many of the common life insurance terms.

    Accelerated Benefits

    This insurance term is a provision in a life insurance policy allows someone diagnosed with a terminal illness to receive part of their death benefit early. It can also apply to someone who is permanently restricted to living in a nursing home.

    Convertible Term Life Insurance

    A convertible term life insurance policy allows you to convert to a different type of life insurance policy, such as whole life, without having to medically qualify.

    Decreasing Term Life Insurance

    A decreasing term life policy decreases by a set amount each year for the duration of the policy period.

    Evidence Of Insurability

    The medica

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    many of the common life insurance terms.

    Accelerated Benefits

    This insurance term is a provision in a life insurance policy allows someone diagnosed with a terminal illness to receive part of their death benefit early. It can also apply to someone who is permanently restricted to living in a nursing home.

    Convertible Term Life Insurance

    A convertible term life insurance policy allows you to convert to a different type of life insurance policy, such as whole life, without having to medically qualify.

    Decreasing Term Life Insurance

    A decreasing term life policy decreases by a set amount each year for the duration of the policy period.

    Evidence Of Insurability

    The medic

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    ness to receive part of their death benefit early. It can also apply to someone who is permanently restricted to living in a nursing home.

    Convertible Term Life Insurance

    A convertible term life insurance policy allows you to convert to a different type of life insurance policy, such as whole life, without having to medically qualify.

    Decreasing Term Life Insurance

    A decreasing term life policy decreases by a set amount each year for the duration of the policy period.

    Evidence Of Insurability

    The medic

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    p>A convertible term life insurance policy allows you to convert to a different type of life insurance policy, such as whole life, without having to medically qualify.

    Decreasing Term Life Insurance

    A decreasing term life policy decreases by a set amount each year for the duration of the policy period.

    Evidence Of Insurability

    The medic

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    ing Term Life Insurance

    A decreasing term life policy decreases by a set amount each year for the duration of the policy period.

    Evidence Of Insurability

    The medical information about you that a life insurance company uses to determine if you qualify for life insurance. This can also include other information about you such as financial and credit information.

    Face Amount

    This is the total amount of life insurance that will be paid upon the death of the insured to the beneficiary.

    Grace Period

    This insurance term describes the period of time after the due date for the premium on the policy that it can be paid without penalty. The standard grace period is 30 days, but each company may have different conditions.

    Guaranteed Insurability

    This is a life insurance option that allows the insured policyholder to buy additional amounts of life insur

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