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HEALTH INSURANCE PRACTICE
Alabama Health ONLY Insurance Examination
4
Insurance
Not Applicable
05/04/2016

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Term
HEALTH INSURANCE
Definition

Broadly covers many risks, such as the loss of income because of disability; the costs of medical care and treatment; and the costs of care not covered by government plans.

Term
ACCIDENTAL DEATH BENEFIT RIDER
Definition
Designed to provide an additional amount of insurance if the insured dies as a result of an accident. The additional amount is typically double or triple the amount of the base policy’s face
value.
Term
ACCIDENTAL MEANS
Definition
One of the ways in which an AD&D policy pays its benefit. (The other way is the accidental results requirement.) Requires both the cause and the result of an accident to be by chance for
the policy to pay the benefit.
Term
AD&D POLICY
Definition
Accidental death and dismemberment insurance. These policies provide financial support if the insured dies or is dismembered from an accident. AD&D policies are a form of limited risk
policy.
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