"We've made life insurance
much easier to understand!"
Insurance Terms
You'll find everything you need to know about life insurance here. Our Research Center is different
because we only offer material which is explained in "Plain English".
To get started, let's take a look at common Insurance terms, and make it easy to understand what they mean:
These definitions are courtesy of the American Council of Life Insurers
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z
General Account An undivided account in which life insurers record all incoming funds. A general account is usually an insurer's largest, although separate accounts can be used to fund specific liabilities as well.
Grace period A period of usually 30 or 31 days following each insurance premium due date except the first, during which an overdue premium may be paid. All policy provisions remain in force during this period.
Group life insurance Life insurance on a group of people, usually issued to an employer for the benefit of employees. Individual members of the group hold certificates as evidence of their insurance.
HOME
THE RESEARCH CENTER
ALL ABOUT US
QUICK QUOTE
SITE MAP
PRIVACY & SECURITYAmerica Direct, 3800 Golf Road Rolling Meadows, IL 60008 Phone: 866.710.1101
©2007 America Direct ® All Rights Reserved