• Find A Local Agent
  • Contact Us
  • Español
Term Life Insurance Made Simple


Glossary of Terms

Terms may not apply to all policies.

Beneficiary The person or organization you designate to receive the death benefit.
Cash value The portion of a permanent life insurance premium that grows over time and can be available for loans or withdrawals. Your policy is term insurance, so it does not accumulate cash value.
Death benefit The payment a beneficiary will receive upon your death.
Face amount This is the amount of death benefit at the time of issue.
Grace period The period of time you have, following your premium due date, to make a payment and avoid cancellation.
In force A term used to mean the policy's coverage is in effect.
Insured The person whose life is covered by the policy purchased.
Owner The same as the insured if no other person is named in the application as the owner. The owner controls the policy during the lifetime of the insured.
Rider Benefits or features added to your policy. They may be optional or available for an additional cost.

Questions?

Call, visit or e-mail your Allstate agency

Get A Quote

Your location is set for:

Ashburn, VA 20147 Edit
GET A QUOTE

Retrieve a saved quote

Agents Near 20147

  • Malan Chakravarthi
    Malan Chakravarthi
    20609 Gordon Park Sq Ste 130
    Ashburn, VA 20147
  • Kristin Mullah
    Kristin Mullah
    44110 Ashbrn Shpg Plz Ste 2
    Ashburn, VA 20147
  • Mo Parsay
    Mo Parsay
    44355 Premier Plz Ste 210
    Ashburn, VA 20147
  • Wendy Moore
    Wendy Moore
    44075 Pipeline Plz Ste 305
    Ashburn, VA 20147
  • Sina Djalili
    Sina Djalili
    42882 Truro Parish Dr Ste 103
    Ashburn, VA 20148
Agent finder map
ECC Monitor: OK