Understanding Life Insurance Lingo Part 1: Policy Basics

Life insurance represents a key corner of the financial planning space in need of more education. Nearly three in five consumers (59%) own some form of life insurance, according to LIMRA’s 2018 Insurance Barometer Study.  Yet, common questions persist, especially over the industry’s constant use of jargon.

So, with good cause, let’s review a batch of the more frequently used life insurance terms.  (more…)

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