Decoding Life Insurance Jargon: 7 Terms You Need to Know Before Buying a Policy
Life insurance can be a vital safety net for those who want to protect their loved ones financially in the event of their untimely death. Buying a life insurance policy can be a daunting task, especially if you're a first-time buyer. One of the main challenges people face in comprehending life insurance is the use of technical language and jargon by insurance providers. This article will decode seven life insurance terms you need to know before buying a policy to help you make informed decisions and choose the best policy. 1) Policy Holder What's a policyholder for insurance? According to Marble, in simple terms, the policyholder is the individual who buys and has legal ownership of a life insurance policy. When purchasing a life insurance policy, you become the policyholder ...
