If you know your basic
car insurance language, it will be a lot easier for you to make sense of new policies and plans.
All you do is save a fixed amount of money each month for a set length of time (a «term,» in
life insurance language).
If you stop paying the premium on the policy, the coverage terminates (
in insurance language, this is called «lapse»).
Time - limited coverage: Term life insurance only protects you during a pre-defined period of time (which is called «term»
in insurance language).
Your first instinct might be to stop reading when you think you've found a relevant peril, but
insurance language can be complicated.
In
insurance language, «uninhabitable» usually includes structural instability or damage that allows elemental intrusion, loss of water or electricity, and immediate safety hazards like downed electrical lines.
Your first instinct might be to stop reading when you think you've found a relevant peril, but
insurance language can be complicated.
However, we at LifeQuote believe that life should be easier so does
the insurance language.