Benefits Glossary

The person(s) designated to receive benefits from your life insurance or retirement accounts upon your death.

Medical information required for certain coverage amounts, reviewed by the insurance company before approval.

Coverage amount available without medical underwriting or health questions.

Life insurance that provides coverage for a specific period (term). No cash value, but typically more affordable than permanent life.

Permanent life insurance with a cash value component that builds over time. Higher premiums than term life.