Glossary

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Policy schedule

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Expiry Date

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Face amount

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Free look provision

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Grace period

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Insurable Interest

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Insured

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Insurer

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Level term

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Claim

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Life insurance

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Lapse

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Misstatement of age and/or sex

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Premium

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Policy period

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Contestable period

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Dependent

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Death benefit

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Exclusions

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Evidence of insurability

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Body Mass Index (BMI)

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Contingent beneficiary

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Agent

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Application

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Beneficiary

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Bestow

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Term life insurance

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Policy

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Policy owner

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Reinstatement

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Underwriter

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Underwriting

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