Life Lifeinsure.com Show details
1 hours agoA life insurance policy purchased to cover the costs incurred during a last illness, funeral and burial costs, any debts, probate expenses, death taxes and any other taxes or obligations which must be paid in order to settle the estate of a decedent. Sometimes referred to as burial insurance. Flat extra premium:
Life insurance vocabulary definitions pdf 23 People Used Show more
Life Dfs.ny.gov Show details
2 hours agoGlossary Of Life Insurance Terms Agent - An insurance company representative licensed by the state who solicits and negotiates contracts of insurance, and provides service to the policyholder for the insurer.
Life and health insurance glossary 49 People Used Show more
Life Securityunderwriters.com Show details
3 hours agoA622S Life Insurance: Glossary of Terms Accumulation Value: Term used in Universal Life policies to describe the total of all premiums and earnings credited to the account before deductions for any expenses, loans, and surrenders.
Life insurance glossary definitions 33 People Used Show more
Life Sproutt.com Show details
8 hours agoLife insurance Terms, types, and details of life insurance coverage No-exam life Insurance An online process for whole or term policies without a health exam Guaranteed life Insurance Short approval online process, no medical reviews, and no financial snooping
Life insurance terminology 52 People Used Show more
Life Policygenius.com Show details
1 hours agoLife insurance is an important plan for the unexpected — it offers financial protection to your loved ones if you die suddenly by replacing your income. The beneficiaries of your life insurance policy receive a lump sum that covers bills, everyday expenses, and various anticipated costs — such as medical bills or college tuition. A
Definition of life insurance terms 58 People Used Show more
Glossary Aldoi.gov Show details
Just NowGlossary of Common Insurance Terms Credit life insurance - This is a special type of coverage usually designed to pay off a loan or charge account amount of insurance as term insurance for as long a period of time as the contract's cash value will purchase. F
Life insurance key terms 34 People Used Show more
Glossary Federallife.com Show details
6 hours agoGlossary of Insurance Terms Accelerated Death Benefit: A benefit included in a life insurance policy or added to a life insurance policy through a policy rider that gives the policyowner the right to receive a portion of the policy's death benefit …
Life insurance acronyms 44 People Used Show more
Glossary Content.naic.org Show details
2 hours agoBeneficiary - an individual who may become eligible to receive payment due to will, life insurance policy, retirement plan, annuity, trust, or other contract. Benefits (Medical & Hospital Expenses) - total expenditures for health care services paid to or on behalf of a member.
Life insurance vocabulary terms 27 People Used Show more
Glossary Cms.gov Show details
5 hours agoBold blue text indicates a term defined in this Glossary. • See page 4 for an example showing how deductibles, co -insurance and out of pocket limitswork together in a real life situation. Allowed Amount. Maximum amount on which payment is based for covered health care services. This may be called “eligible expense,” “payment allowance
Insurance Orangeinsurance.com Show details
2 hours agoInsurance coverages. When reading the definitions, please keep in mind that this glossary is provided as a guide only curated from various sources. These general definitions are provided for educational purposes. Please refer to your policy or certificate of insurance for exact definitions of terms and coverage provisions.
Browse Intelliquote.com Show details
7 hours agoThis glossary can assist you in understanding some of the terms you may encounter when researching online life insurance quotes and life insurance rates. You can browse through the entire glossary or select a specific range of terms alphabetically from the links below. A - C D - F G - J K - M N - P Q - S T - V W - Z A - C Accelerated Benefits Rider
Life Healthcare 51 People Used Show more
Life Life.selectquote.com Show details
8 hours agoLife Insurance A contract between an insurer and an insured that guarantees the payment of a stated amount of monetary benefits upon the death of the insured. Life Insurance Age Most insurance companies calculate age by using the age the insured is nearest to.
Health Ekinsurance.com Show details
2 hours agoback to Life & Health Insurance glossary index B Backdating - The practice of making a policy effective at an earlier date than the present. Basic medical expense policy - Health insurance policy that provides "first dollar" benefits for specified (and limited) health care, such as hospitalization, surgery, or physician services.
Glossary Trustage.com Show details
5 hours agoThe amount you pay for a life insurance policy, also known as the premium. The monthly rate may vary depending on age, health, gender and other considerations such as lifestyle and occupation. Poor health and extreme hobbies are likely to increase the cost of insurance. Coverage End Date Just like it sounds, this is the day insurance coverage ends.
LIFE Integratedinsurance.in Show details
8 hours agoAdjustable Life Insurance Age at Entry Age at Maturity Age Limits Annual Premium Annuity Annual Premium Payment Mode Annualised Premium Annuitant Annuity (Retirement Option or Life Annuity) GLOSSARY OF TERMS (please click on the term to view its meaning) TERM • • • • • • • • • • • • • • • • • • • Assignee
Life Quotacy.com Show details
1 hours agoAnnual Renewable Term Life Insurance (ART) – Annual renewable term life insurance is a type of term life insurance policy that provides a level death benefit but premiums increase each year based on the insured’s age. Also referred to as Yearly Renewable Term Life Insurance.
Life Healthcare 60 People Used Show more
Life Americangeneraltermlife.com Show details
4 hours agoHowever, while the idea of life insurance is fairly simple and straight forward, trying to define term life insurance terms and terminology can be challenging. This glossary of common life insurance terms provides detailed definitions of common terms you will encounter during the process of securing term life insurance.
Life Healthcare 60 People Used Show more
Life Aigdirect.com Show details
4 hours agoTerm life insurance is a life insurance policy that covers the policyholder for a specific term, or amount of time. The policyholder determines the term of the life insurance policy, which typically ranges from 10 to 30 years and can increase in 5-year increments. Term life insurance is one of the most affordable types of life insurance.
Glossary Actuarialtoolkit.soa.org Show details
6 hours agoAllocated loss adjustment expenses (ALAE) are attributed to the processing of a specific insurance claim. ALAE are part of an insurer's expense reserves. It is one of the largest expenses for which an insurer has to set aside funds (along with contingent commissions). Loss adjustment expenses that are assignable or allocable to specific claims.
Insurance Pacificinsurancegroup.com Show details
6 hours agoLife Insurance Glossary of Terms. Agent – An insurance company representative licensed by the state who solicits and negotiates contracts of insurance, and provides service to the policyholder for the insurer. An agent can be independent or a direct writer who represents and sells policies for one company.
Life Healthcare 57 People Used Show more
Life Sofi.com Show details
1 hours agoLife Insurance Terms. Discover life insurance definitions, simplified. Accidental Death Benefit. If a life insurance policy includes an accidental death benefit, the cause of death will be examined to determine whether the insured’s death meets the policy´s definition of accidental. This is often a rider, or additional benefit for an
GLOSSARY Tjacksonins.com Show details
5 hours agoGet Online Health, Life, Dental, Vision and Medicare Insurance Quotes at a “click” of a button. Watch informative videos and download consumer guides and watch informative videos in the comfort of your home or office. Finally, Get the Information You Need and Want. On Your Terms.
Life Bankbazaarinsurance.com Show details
4 hours agoThe persistency ratio, with respect to the life insurance industry, indicates the total business or number of insurance policies that an insurance company is able to retain in a fiscal year without losing business to other insurance companies or policies getting lapsed.This ratio is measured by insurance companies both in terms of the number of
Insurance Consumers.ambest.com Show details
2 hours agoGlossary of Insurance Terms 203-b Limit. The dollar limit for how much of a home's value can be used to determine the amount of money you can get from a federally insured Home Equity Conversion Mortgage reverse mortgage; the name comes from Section 203-b …
Home Healthcare 58 People Used Show more
Glossary Cna.com Show details
8 hours agoGlossary of Insurance Terms Actuary A professional trained in the mathematics of insurance and risk management, including the calculations of premiums, policy reserves and other values. Agent The insurance company representative who sells policies on behalf of the insurer. An independent agent represents more than one company; a captive agent represents only one …
Mens Health 27 People Used Show more
Life Amfam.com Show details
7 hours agoLife insurance A contract with an insurance company that, in exchange for premium payments, provides a sum of money, known as a death benefit, to beneficiaries upon the insured’s death. Limited pay A type of whole life insurance, where premiums are paid only for a limited number of years. Your coverage will still last a lifetime. N
Glossary Assets.ibc.ca Show details
3 hours agoGlossary . Most of the definitions below are provided courtesy of the Insurance Institute of Canada. Definitions provided by Insurance Bureau of Canada are indicated with an asterisk ("*"). The language of insurance can be quite complex and confusing. Below are some commonly used insurance terms and their meanings.
Cats Health 36 People Used Show more
Glossary Nationwide.com Show details
2 hours agoInsurance terms, definitions and explanations are intended for informational purposes only and do not in any way replace or modify the definitions and information contained in individual insurance contracts, policies or declaration pages, which are controlling. Such terms and availability may vary by state and exclusions may apply.
Healthy Care 49 People Used Show more
Review Intelliquote.com Show details
9 hours agoThis Life Insurance Glossary can assist you in understanding some of the terms you may encounter when researching online life insurance quotes and life insurance rates. You can browse through the entire Life Insurance Glossary or select a specific range of terms alphabetically from the links below.
Life Healthcare 57 People Used Show more
Glossary Naic.org Show details
3 hours agoGlossary of Health Insurance Terms. On March 23, 2010, President Obama signed the Patient Protection and Affordable Care Act (PPACA) into law. When making decisions about health coverage, consumers should know the specific meanings of terms used to discuss health insurance. Below are definitions for some of the more commonly used terms and how
Health Insurance 34 People Used Show more
Insurance Campbell-ins.net Show details
1 hours agoGlossary of Life Insurance Terms. Beneficiary: The individual, individuals, or organizations designated by the policy owner to receive the benefit when the insured dies when the policy is in force. Cash surrender value: The amount of money you can "sell" your policy back to the issuing company for, in exchange for cash. If you surrender the policy back to the …
Life Healthcare 61 People Used Show more
Life Cpp.ca Show details
9 hours agoLife Insurance Insurance that provides protection against an economic loss caused by death of the person insured. Life Insured (or Insured) The person whose life is covered by an individual policy. M Maturity Date The date on which the insurance company pays a maturity benefit and the policy expires. Medical Information Bureau (MIB)
Life Healthcare 47 People Used Show more
Glossary Insurancehero.org.uk Show details
5 hours agoType of insurance * Life Insurance - The insured sum is paid out if you die during the term of the policy. Life Insurance with Critical Illness - As above but also pays out on diagnosis of certain medical conditions as laid out in the policy, i.e. heart attack, some cancers, stroke etc. Whole of Life - A plan that covers you for the rest of your life instead of a set term.
Life Bajajallianzlife.com Show details
5 hours agoLife insurance is a contract between an individual and a life insurance company under which the insurance company is legally bound to pay out an amount to the person nominated by the policyholder in the event of his/her death. The death benefit is paid to the nominee of the policyholder provided all premiums have been paid on time.
Life Healthcare 63 People Used Show more
Car Yuutei.com Show details
6 hours agoNo car insurance resource would be complete without a comprehensive glossary of car insurance terms. We’ve compiled a list of terms and their definitions to better help you navigate the sometimes confusing world of insurance. Accident – This is an unexpected sudden event that causes property damage to an automobile or bodily injury to a
Healthy Care 43 People Used Show more
Glossary Insure.com Show details
2 hours agoA life insurance policy providing insurance on all or several family members in one contract, generally whole life insurance on the principal breadwinner and small amounts of term insurance on the other spouse and children, including those born after the policy is issued.
Life Healthcare 39 People Used Show more
OCI Oci.wi.gov Show details
8 hours agoGlossary Application: A statement of information made by someone applying for life insurance. The information gathered helps the life insurance company assess whether the risk presented by the applicant is acceptable.
GLOSSARY Rms-actuary.com Show details
1 hours agoGLOSSARY OF REINSURANCE TERMINOLOGY Term Definition Accident Year Experience Reinsurance experience calculated by matching the total value of all losses occurring during a 12-month period with premiums earned for the same period. Acquisition Costs All expenses directly related to acquiring insurance or reinsurance
Experience Health 35 People Used Show more
Glossary Newyorklife.com Show details
5 hours agoOr for quick reference, please explore our financial glossary below for frequently used life insurance terms, annuity definitions, and other financial terms that you might encounter. *Mutual funds, variable products, and investments are offered by properly licensed Registered Representatives only. A
Glossary Reinsuranceglossary.com Show details
2 hours agoAon Insurance and Reinsurance Brokers Philippines, Inc. topped the list with premiums reaching P13.48 billion that year, followed by Marsh …. ESL is a segment of commercial insurance that protects self-funded employers from unexpected and …
Mens Health 42 People Used Show more
Term En.wikipedia.org Show details
9 hours agoTerm life insurance or term assurance is life insurance that provides coverage at a fixed rate of payments for a limited period of time, the relevant term. After that period expires, coverage at the previous rate of premiums is no longer guaranteed and the client must either forgo coverage or potentially obtain further coverage with different payments or conditions.
Property Ekinsurance.com Show details
8 hours agoAlso see the Health And Life Insurance Glossary, Small Business Insurance Glossary and Terminologies Used In Insurance And Their Meanings. Following is the property and casualty insurance glossary of basic insurance terms and definitions that are commonly used in the insurance industry: Index
Life Lgamerica.com Show details
6 hours agoGlossary of Life Insurance Terms. Accelerated Death Benefit Rider. With this policy add-on, the death benefit can be paid prior to the insured's death if he or she is facing a qualifying terminal illness. Actuary. A specialist in the mathematics of insurance who calculates rates, reserves, dividends and other statistics.
Life Healthcare 55 People Used Show more
Glossary 2levelsabove.com Show details
7 hours agoIndividual and family medical and dental insurance plans are insured by Cigna Health and Life Insurance Company (CHLIC), Cigna HealthCare of Arizona, Inc., Cigna HealthCare of Illinois, Inc., and Cigna HealthCare of North Carolina, Inc. Group health insurance and health benefit plans are insured or administered by CHLIC, Connecticut General Life …
Glossary Claybrooke.org.uk Show details
Just NowGlossary Of Life Insurance Terms. Whether you are an experienced buyer of insurance or looking for a policy for the first time, understanding the different terminology can be quite challenging. This is why Claybrooke has assembled a list of the most common terms you will see throughout our website in regard to insurance policies
Insurance Amtrustfinancial.com Show details
3 hours agoTerm Life Insurance Life insurance that provides protection for a specified period of time. Common policy periods are one year, five years, 10 years or until the insured reaches age 65 or 70. The policy doesn't build up any of the nonforfeiture values …
Life Healthcare 50 People Used Show more
Life Nylaarp.com Show details
5 hours agoLife insurance glossary Application – A form that must be filled out to apply for life insurance.. Beneficiary – The person who receives the money from a life insurance policy when an insured passes away.. Cash value – The amount of money you can receive from your policy if you cancel it, or the amount of money you can borrow as a loan from your policy.