--- Benefits available in some life insurance policies before death,
usually triggered by long-term, catastrophic or terminal illness. Also known as
--- A provision added to a life insurance policy for payment of an additional
benefit in case of death that results from an accident. This provision is often
called "double indemnity."
--- The time during which a person pays money into an annuity contract and builds
up a fund to provide a deferred annuity.
--- Someone professionally trained in the technical aspects of insurance and
related fields, particularly in the mathematics of insurance (the calculation of premiums,
reserves and other values).
--- A type of insurance that allows the policyholder to change the plan of
insurance, raise or lower the face amount of the policy, increase or decrease the premium
and lengthen or shorten the protection period.
--- An authorized representative of an insurance company who sells and
services insurance contracts.
--- The person entitled to receive annuity payments or who now receives them.
--- A contract that provides for a series of payments, usually at
regular intervals, for the duration of life.
--- A contract that provides an income for a specified number of years,
regardless of life or death.
--- The payment, or one of the regular periodic payments, an annuitant
makes for an annuity.
--- A statement of information made by some one applying for life
insurance. The information gathered helps the life insurance company assess whether
the risk presented by the applicant is acceptable.
--- The legal transfer of one person's interest in an insurance policy
to another person.
--- A provision in a life insurance policy that any premium not paid by the end
of the grace period (usually 31 days) is automatically paid by a policy loan if
there is sufficient cash value.
--- The person or financial instrument (for example, a trust fund),
named in the policy as the recipient of insurance money in the event of the policyholder's
--- A sales and service representative who handles insurance for clients,
generally selling insurance of various kinds and for several companies.
--- Life insurance purchased by a business enterprise on the life of a
member of the firm. It is often bought by partnerships to protect the surviving
partners against loss caused by the death of a partner, or by a corporation to reimburse
it for loss caused by the death of a key employee. (Also known as key person
--- The amount available in cash upon surrender of a policy before it becomes
payable upon death or maturity.