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GLOSSARY

 GLOSSARY TERMS by Alpha
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Gap coverage
Garage policy
Garagekeepers liability
GIC
Glass insurance
Glass-Steagall Act
Grace period
Graded premium policy
Gross earnings coverage
Group Certificate
Group insurance
Guarantee funds
Guaranteed insurability (Guaranteed Issue)
Guaranteed renewable
Guaranteed term
Guiding principles

Graded premium policy

A whole life insurance policy with a premium that starts low, increases gradually over 3-5 years, then remains constant for the remainder of the life of the policy. This type of policy is designed for people who want more insurance coverage than they can immediately afford.

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