Generic Drugs: Drugs which are chemically equivalent to Brand Name Drugs whose patent has expired and which are approved by the Federal Food and Drug Administration (FDA).

Grace Period: The period of time between a premium's due date and the date the policy will lapse if the premium remains unpaid...

Group Life Insurance: A life insurance policy issued to a group of people, usually through an employer, union or association.

Guaranteed Issue An insurance policy provision that allows a certain amount of insurance or type of insurance to be issued without medical evidence of insurability.

Guaranteed Rates: A life insurance policy provision that...

Guaranteed Term Life Insurance: A type of renewable term life insurance that remains in force provided...

Guaranteed Insurability: An insurance policy provision that allows the insured to buy additional fixed amounts of life insurance at fixed time intervals without evidence of insurability.

Guaranteed Renewable: An insurance policy provision that guarantees an insurance policy will continue in force provided the policy premiums are paid on time...