Term
| a rider that allows the policy owner to purchase one-year term insurance equal to the percentage change in the consumer price index with no evidence of insurability |
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Definition
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Term
| w/ the cost-of-living rider, the amount of term insurance changes each year and reflects the cumulative change in the what from the issue date of the policy? |
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Definition
| consumer price index (CPI) |
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Term
| w/ the cost-of-living rider, insurers may limit the amt of insurance that can be purchased each year and the policy owner pays the entire premium for the |
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Definition
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Term
| a rider that allows insured who are terminally ill or who suffer from certain catastrophic diseases to collect part or all of their life insurance benefits before they die |
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Definition
| accelerated death benefits rider |
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Term
| the accelerated death benefits rider is used primarily to pay for the |
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Definition
| medical care they require |
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Term
| a type of accelerated death benefits rider that allows terminally ill insured with a limited life expectancy to receive part or all of the policy proceeds |
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Definition
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Term
| insurers generally allow what rider to be added w/out an extra premium? |
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Definition
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Term
| w/ the terminal illness rider, any lump sums advanced are discounted for interest to reflect the |
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Definition
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Term
| a type of accelerated death benefits rider that allows insured who have certain catastrophic diseases to collect part or all of the policy face amt |
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Definition
| catastrophic illness rider |
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Term
| w/ the catastrophic illness rider, what usually includes AIDS, life-threatening cancer, coronary artery disease, kidney failure, etc? |
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Definition
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Term
| a type of accelerated death benefits rider that allows insured who require long-term care to collect part of their life insurance prior to death |
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Definition
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Term
| may cover care in a skilled nursing facility, intermediate care facility, or custodial care facility |
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Definition
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