| A | B |
|---|
| Life Insurance | The usual way of protecting your family from financial loss when you die |
| Policy | Contract between the insured and the insurer |
| Premium | Money paid to an insurance company for life insurance |
| Insured | The person whose life is covered by the policy |
| Insurer | The insurance company is the |
| Death Benefits | When the insured dies they receive this usually equal to the face amount of the policy |
| Beneficiary | Person named in the policy to receive the death benefits |
| Term Life insurance | Offers protection for a fixed period of time. |
