Type Of Policy

The policy could be a term policy, whole life (or a variation of whole life such as 20 year payment life, or life paid up at 65), endowment, universal life, variable life or some other type

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Riders

A rider is something added to the basic policy to confer additional benefits – sometimes requiring an additional payment

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Policy Loan

The policyholder can use the cash value while continuing the insurance protection of the policy by taking a policy loan

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Misstatement Of Age And/Or Sex

If an error that would not have led to denial of coverage is discovered (often at the time of death) such as misstatement of age or sex, the company would normally adjust the amount of coverage to coincide with the correct age or sex

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Length Of Coverage

If it is a term policy, the length of coverage is expressed in the name such as 1 year term, or 10 year term, or term to 65

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