[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-0-en-105":3,"doc-seo-412607-105":59,"doc-detail-412607-en":130},{"code":4,"msg":5,"data":6},0,"success",[7,13,18,23,28,33,38,43,48,51,55],{"id":8,"doc_module":4,"doc_module_name":9,"category_name":10,"show_sort_weight":11,"slug":12},1,"Document","Story & Novel",90,"story-novel",{"id":14,"doc_module":4,"doc_module_name":9,"category_name":15,"show_sort_weight":16,"slug":17},2,"Literature",80,"literature",{"id":19,"doc_module":4,"doc_module_name":9,"category_name":20,"show_sort_weight":21,"slug":22},4,"Exam",70,"exam",{"id":24,"doc_module":4,"doc_module_name":9,"category_name":25,"show_sort_weight":26,"slug":27},5,"Comic",60,"comic",{"id":29,"doc_module":4,"doc_module_name":9,"category_name":30,"show_sort_weight":31,"slug":32},6,"Technology",50,"technology",{"id":34,"doc_module":4,"doc_module_name":9,"category_name":35,"show_sort_weight":36,"slug":37},7,"Healthcare",40,"healthcare",{"id":39,"doc_module":4,"doc_module_name":9,"category_name":40,"show_sort_weight":41,"slug":42},8,"Research & Report",30,"research-report",{"id":44,"doc_module":4,"doc_module_name":9,"category_name":45,"show_sort_weight":46,"slug":47},9,"Religion & Spirituality",20,"religion-spirituality",{"id":46,"doc_module":4,"doc_module_name":9,"category_name":49,"show_sort_weight":46,"slug":50},"World Cup","world-cup",{"id":52,"doc_module":4,"doc_module_name":9,"category_name":53,"show_sort_weight":52,"slug":54},10,"Lifestyle","lifestyle",{"id":56,"doc_module":4,"doc_module_name":9,"category_name":57,"show_sort_weight":24,"slug":58},19,"General","general",{"code":4,"msg":60,"data":61},"ok",{"site_id":62,"language":63,"slug":64,"title":65,"keywords":66,"description":67,"schema_data":68,"social_meta":123,"head_meta":125,"extra_data":127,"updated_unix":129},105,"en","life-insurance-glossary-of-terms","Life Insurance - Glossary of Terms","","Life Insurance: Glossary of Terms defines key concepts used in life insurance policies, including adjustable life, attained age, beneficiaries, cash value, death benefit, and dividend options. It explains policy mechanics such as automatic premium loans, grace periods, free look rights, nonforfeiture through extended term insurance, and ownership incidents. Terms also cover group coverage, contingent and irrevocable beneficiaries, decreasing term protection, and maturity and surrender values, providing a structured reference for understanding coverage and benefits.",{"@graph":69,"@context":122},[70,84,105],{"@type":71,"itemListElement":72},"BreadcrumbList",[73,77,79,82],{"item":74,"name":75,"@type":76,"position":8},"https://docshare.wps.com","Home","ListItem",{"item":78,"name":9,"@type":76,"position":14},"https://docshare.wps.com/document/",{"item":80,"name":35,"@type":76,"position":81},"https://docshare.wps.com/document/healthcare/",3,{"item":83,"name":65,"@type":76,"position":19},"https://docshare.wps.com/document/life-insurance-glossary-of-terms/412607/",{"url":83,"name":65,"@type":85,"image":86,"author":91,"headline":65,"publisher":94,"fileFormat":97,"inLanguage":63,"description":67,"dateModified":98,"datePublished":99,"encodingFormat":97,"isAccessibleForFree":100,"interactionStatistic":101},"DigitalDocument",{"url":87,"@type":88,"width":89,"height":90},"https://docshare.wps.com/thumbnails/life-insurance-glossary-of-terms/412607.png","ImageObject",300,407,{"name":92,"@type":93},"Rhys","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-10-29","2026-09-28",true,{"@type":102,"interactionType":103,"userInteractionCount":39},"InteractionCounter",{"@type":104},"ViewAction",{"@type":106,"mainEntity":107},"FAQPage",[108,114,118],{"name":109,"@type":110,"acceptedAnswer":111},"What is cash value in a life insurance policy?","Question",{"text":112,"@type":113},"Cash value is generally the amount of cash due to the policy owner upon surrendering a policy.","Answer",{"name":115,"@type":110,"acceptedAnswer":116},"Who is the beneficiary of a life insurance policy?",{"text":117,"@type":113},"The beneficiary is the individual or entity designated to receive the proceeds of the policy upon the insured’s death.",{"name":119,"@type":110,"acceptedAnswer":120},"What does “free look” mean in individual life insurance?",{"text":121,"@type":113},"Free look is a period (often 10, 20, or 30 days) during which the policyholder may examine a new policy and surrender it for a full premium refund if not satisfied.","https://schema.org",{"og:url":83,"og:type":124,"og:title":65,"og:site_name":95,"og:description":67},"article",{"robots":126,"canonical":83},"index,follow",{"doc_id":128,"site_id":62},412607,1790708964,{"code":4,"msg":5,"data":131},{"doc_id":128,"user_id":132,"nickname":92,"user_avatar":133,"doc_module":4,"category_id":34,"category_name":35,"doc_title":65,"doc_description":67,"doc_content":134,"file_id":135,"file_url":136,"file_type":137,"file_size":138,"view_count":39,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":24,"language":139,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":140,"faqs":141,"seo_title":142,"seo_description":67,"update_tm":143,"read_time":144,"preview_page_count":4},687207024643,"https://ap-avatar.wpscdn.com/davatar_3d24733baf745e90a7e4bdd5f77d97b2","Life Insurance: Glossary of Terms  \nAccumulation Value: Term used in Universal Life policies to describe the total of all premiumsand earnings credited to the account before deductions for any expenses, loans, and surrenders.  \nAdjustable Life: Form of life insurance allowing the owner to change the face amount, premium amount, period of protection, or the length of the premium payment period.  \nAttained Age: The age of the insured on a given date.  \nAutomatic Premium Loan: Provision in a life insurance policy authorizing the insurer to use the loan value to pay any premiums still due at the end of the grace period.  \nBeneficiary: Individual or entity (e.g., trust, corporation) designated to receive the proceeds of a life insurance policy upon the death of the insured.  \nCash Value: Generally, the amount of cash due an owner upon surrendering a policy.  \nContingent Beneficiary: Individual or legal entity designated to receive the proceeds of a life insurance policy if the primary beneficiary is deceased at the time the benefits become payable.  \nContributory: Term used to describe a plan of employee coverage in which the employee pays at least part of the premium.  \nCost-of-Living Rider: Designed to adjust benefits in relation to changes in the cost of living. The majority of such riders are tied to changes in the Consumer Price Index (CPI). Generally, the amount of insurance is automatically increased, without evidence of insurability, at predetermined periods for a maximum amount.  \nCredit Life Insurance: Group life insurance contract whereby a creditor is protected in the event of death of the insured prior to the indebtedness being paid in full.  \nDeath Benefit: Amount stated in a policy contract as payable upon the death of the person whose life is being insured.  \nDecreasing Term: Form of life insurance that provides a death benefit which declines throughout the term of the contract, reaching zero at the end of the term.  \n Life Insurance: Glossary of Terms  \nDependent Coverage: Coverage on the head of a family which is extended to his or her dependents, including only the lawful spouse and unmarried children who are not yet employed on a full-time basis. \"Children\" may be step, foster, adopted, or natural.  \nDependent Life Insurance: Benefit that is part of a group life insurance contract, providing death protection to the eligible dependents of a covered employee.  \nDividend Accumulation: Option in a life insurance policy allowing the policyholder to leave any premium dividends with the insurer to accumulate at compound interest.  \nDividend Additions: Option whereby the owner can leave policy dividends with the insurer, and each dividend is used to buy a single premium life insurance policy for whatever amount it will purchase. Also called paid-up additions.  \nDividend Option: Alternative ways in which an insured under a participating life insurance policy may elect to receive policy dividends.  \nExtended Term Insurance: Provision found in most policies which provides the option of continuing the existing amount of insurance as term insurance for as long a period of time asthe contract's cash value will purchase. This is one of the nonforfeiture options available to the insured in case a premium is not paid within the grace period.  \nFace Amount: Amount that will be paid in the case of death or maturity of a policy.  \nFamily Income Policy: Policy that pays an income up to a future date designated in the policy to the beneficiary after the death of the insured. The period of payment is measured from the date of the inception of the contract, and at the end of the income period the face amount of the policy is paid to the beneficiary. If the insured lives beyond the income period, only the face amount is payable in the event of his death.  \nFlexible Premium: Policy allowing the owner to vary the amount or timing of premiums.  \nFree Look: Period of time (usually 10, 20 or 30 days) during which a policyholder may examine a","cbCaipYa3JMNVwMV","https://ap.wps.com/l/cbCaipYa3JMNVwMV","pdf",43288,"English","# Accumulation and policy values\n## Cash value, net surrender value, and loan value\n# Coverage options and policy mechanics\n## Adjustable life, flexible premium, grace period, and free look","[{\"question\":\"What is cash value in a life insurance policy?\",\"answer\":\"Cash value is generally the amount of cash due to the policy owner upon surrendering a policy.\"},{\"question\":\"Who is the beneficiary of a life insurance policy?\",\"answer\":\"The beneficiary is the individual or entity designated to receive the proceeds of the policy upon the insured’s death.\"},{\"question\":\"What does “free look” mean in individual life insurance?\",\"answer\":\"Free look is a period (often 10, 20, or 30 days) during which the policyholder may examine a new policy and surrender it for a full premium refund if not satisfied.\"}]","Life Insurance - Glossary of Terms | PDF",1790592153,13]