Content Overview 
- Summary
- The Insured
- The Owner
- Premium
- Death Benefit
- Face Value
- Beneficiary
- Insurability
- Guaranteed Issue
- Simplified Issue
- Guaranteed Insurability Rider
- Cash Value
- Cash Surrender Value
- Contestability/Constestable Period
- Suicide Exclusion
- Accidental Death And Dismemberment
- Disability Waiver Of Premium Provision
- Accelerated Death Benefit/Living Benefit
Life Insurance Glossary: Terms To Know
Premium
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The amount of money it costs to purchase insurance.
Premiums can be payable monthly, quarterly, semi-annually or annually. Some policies are "single issue premium" policies, which means you only pay one premium.
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