Life Insurance 14. Definitions

Question 1

1. Rider

Answer 1

A form attached to the Policy that provides added benefits for an additional charge.

Question 2

2. Initial Term Period

Answer 2

The period of time shown on the Schedule for which insurance is issued under this Policy. It is the period the Insurance Carrier guarantees the Annual premium will remain level.

Question 3

3. Total Initial Modal Premium

Answer 3

the Premium for the chosen payment method for th life insurance Benefit Amount plus any added benefit Riders. this is shown on the Schedule.