What is policy reinstatement?

At a Glance. Ordinary Life Insurance plan is a whole life protection plan that provides financial assistance to the ones you'll leave behind when you pass. What is the difference between Ordinary life and Limited-payment life? Read about some common uses for Whole Life Insurance. Jul 10, 1979 ... A person who buys an ordinary whole life insurance policy -- the most popular type of insurance now sold -- is in reality buying both protection ... An ordinary long-term insurance policy shall not be forfeited by reason only of non-payment of any premiums (in this section referred to as “the overdue ... ... ordinary policies of life insurance issued on the standard basis ... insurance policies. (G) For group life insurance, life insurance issued on ... Life insurance was the principal method of old-age savings for American households from the mid-nineteenth to the mid-twentieth centuries. ... life insurance provides coverage for the insured person's entire life. ... - This policy, sometimes called ordinary life or straight life, covers the ... LOOK FOR POLICIES WITH LOW COST INDEX NUMBERS. What is Cost? "Cost" is the difference between what you pay and what you get back. If you pay a premium for life ... Whole life insurance guarantees payment of a death benefit to beneficiaries in exchange for level, regularly-due premium payments. The policy includes a savings ... COMBINATION LIFE INSURANCE AGENT. (a) In this section, a "combination company" means an insurer that writes weekly premium life insurance or monthly ordinary ...