Generic Drug:A "twin" to a "brand name drug" once the brand name company's patent has run out and other drug companies are allowed to sell a duplicate of the original. Generic drugs are cheaper, and most prescription and health plans reward clients for choosing generics.

Grace Period:The time period following a monthly anniversary during which a life insurance policy will continue in force when the net cash surrender value is not sufficient to cover the monthly expense charge currently due.

Group Insurance:Coverage through an employer or other entity that covers all individuals in the group.