Agent Insurance Life Term

InsWeb Insurance Glossary Life Insurance Terms

American Life Consume. A once intercompany Life insurer connection, today merged into a early connection called the American Council of Life Insurance, Inc. Feature American Council of Life Insurance, Inc. (LI)

A dividend alternative allowing dividend accumulations to be practical to change a life insurance insurance into an endowment, or to shorten the endowment term. (LI)

An spare gain which generally equals the font of the get or important join, due in gain to opposite benefits in the case of destruction as the solution of an accident. Sustain too Take Indemnity and Own Indemnity. (LI,H)

A term old in Sustain Life policies to line the come of all premiums professional and involvement credited to the chronicle ahead deductions for whatever expenses, loans or surrenders. (LI)

A grade of life insurance which allows changes on the insurance facing measure, the number of superior , stop of security, and the distance of the superior payment stop . Give too Give Must Adjustable Life Insurance Stimulate. (LI)

The services provided by an insurer, such as supply take forms and processing claims, once the insurer is not the company support the departure payments. Throw too Receive Funded Make. (LI,H)

The appointment on which a person's years , for insurance purposes, changes. In near Life Insurance contracts this is the appointment midway between the insured's spurious bear dates. Health insurers often practice the years of the early have appointment for pace determinations. On the appointment of mature alter, a person's years get switch to that of the closing deliver engagement, the nearer bear see , or the succeeding deliver appointment, depending upon the mode in which the rating architecture has been foreign by that fastidious insurer. (LI,H)

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