Resources
At Legacy Life Assure, we’re committed to providing you with the information and tools you need to make informed decisions about your life insurance coverage. Below, you’ll find a range of resources to help you understand your options and plan for your future.
Glossary of Terms
Beneficiary: The person or entity that receives the death benefit from a life insurance policy.
Premium: The amount paid to an insurance company for a life insurance policy.
Rider: An additional feature or benefit that can be added to a life insurance policy.
Term Life Insurance: A type of life insurance that provides coverage for a specified period of time (e.g., 10, 20, or 30 years).
Whole Life Insurance: A type of life insurance that provides lifetime coverage and a cash value component.
Underwriting: The process by which an insurance company assesses an applicant’s risk and determines their eligibility for coverage.
Policyholder: The person who owns a life insurance policy and is responsible for paying premiums.