Insurance Glossary
Plain-English definitions for 59+ insurance terms. No jargon to explain jargon — just clear answers so you can understand your policy with confidence.
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Cash Value
A savings component inside permanent life insurance policies that grows over time on a tax-deferred basis.
Contestability Period
The first two years of a life insurance policy during which the insurer can investigate and deny a claim if they find misrepresentations on your application.