| WORD | DESCRIPTION |
| Estate taxes | Refers to the property taxes that the policyholder has to pay on his fixed assets. These could include buildings, land, plant and machinery, automobiles etc. |
| Evidence of Insurability | Any statement or proof of a person's physical condition, occupation, etc affecting acceptance of the applicant for insurance. |
| Excess | This implies that a family has sufficient funds to meet all the expenses that they will continue to incur after the death of the policyholder. |
| Exclusions | Specific hazards listed in a policy for which benefits will not be paid. |
| Expiry | The termination of a term life insurance policy at the end of its period of coverage. |
