Search Our Site
Home Page
Meet our Staff
Little Rock Office
Conway Office
Rogers Office
Sherwood Office
Frequently Asked Questions
Helpful Tips
Helpful Tools
Insurance Resources
Auto Insurance
Business Insurance
Health Insurance
Home Insurance
Life Insurance
Long Term Care
Motorcycle Insurance
Retirement Planning
Medigap Insurance
Note:
Our Site Directory includes links to all our information.
Little Rock Office
1111 S. Bowman, Ste B-4
Little Rock, AR 72211
(501) 224-6666
(888) 214-3149
FAX (501) 224-0477
Conway Office
269 Hwy 65 North
Conway, AR 72032
(501) 327-4666
(888) 563-5656
FAX (501) 327-4684
Rogers Office
2894 W. Walnut Ave. Ste A
(479) 633-0505
(877) 633_0505
FAX (479) 633-9595
Sherwood Office
8210 Hwy 107 (JFK)
Sherwood, AR 72120
(501) 392-0300
(866) 861-8368
FAX (501) 392-0302 |
Guaranteed Death Benefit - This is the minimum death benefit
that will be paid to beneficiaries. Whole life insurance has a guaranteed death benefit while vairable life and other
non-traditional policies usually provide limited death benefits. |
Guaranteed Insurability Rider -
This is an optional rider (additional cost) which allows the insured to purchase additional amounts on insurance in the
future without providing evidence of insurability. |
Guaranteed Renewable -
This provision in some Term Life Insurance policies guarantees the insured can renew the policy at the end of the term.
The premium will adjust upward to the insured's age at renewal. |
Incontestable Clause -
This is a policy provision that says the insurance company cannot challenge your life insurance policy after a certain
period of time, usually two years. |
Indemnify -
This is a fancy word that means your beneficiaries are paid the death benefit to indemnify them for financial loss. It
actually means to compensate for loss. |
Inspection Report -
This report is usually done by an independent company and provides information about the occupation, health, financial status,etc.
about a life insurance applicant. |
Insurable Interest -
This refers to a policyowner's relationship to the person being insured and is determined by the policyowner having a financial
interest in the insured. You have an insurable interest in yourself, your spouse, your children, your parents, business
partners and anyone who owes you money. |
Insured -
The person covered by the life insurance policy for whom the death benefit will be paid. |
Insurer -
The insurance company. |
Interest-Sensitive Life Insurance -
Cash Value Life Insurance policy in which the cash value can be affected by changes in interest rates. |
Irrevocable Beneficiary -
A beneficiary that cannot be changed without permission of the beneficiary. See Beneficiary. |
Joint Life Insurance -
Insurance policy that covers two or more lives and makes payment upon the death of any of the named insureds. This policy
is also called a first-to-die policy. |
Juvenile Life Insurance -
Cash Value Life Insurance purchased on children age 0 - 18. This policy is attractive to parents and grandparents because
it provides life insurance protection for the child that can continue for the life of the child at the same low rates.
Ownership of the policy usually transfers to the child when the age of majority is attained. The policy protects the
child from becoming uninsurable and unable to purchase life insurance and also provides a cash value that can be a comforting
loan source in the future. |
|
