Term
| Riders attached to life insurance policies that allow death benefits to be used to cover nursing or convalescent home expenses |
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Definition
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Term
| A policy rider that states that the cause of death will be analyzed to determine if it complies with the policy description of accidental death |
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Definition
| Accidental death benefits |
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Term
| An insurance policy that provides payment if the insured's death is the result of an accident |
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Definition
| Accidental death insurance |
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Term
| The time before an annuitants retirement during which the annuitant is making payments or investment in an annuity |
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Term
| The client required amount to pay damages or for property loss. This amount is calculated based on the properties current replacement value minus depreciation |
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Definition
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Term
| A contract offered on a "take it or leave it" basis by an insurer, in which the insured's only option is to either accept or reject the contract. And any ambiguities in the contract will be settled in favor of the insured. |
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Term
| Life insurance that permits changes in the face amount, premium amount, period of protection, and the duration of the premium payment period |
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Term
| A representative of an insurance company who investigates and acts on behalf of the company to obtain agreements for the amount of the insurance claim |
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Term
| An individual appointed by a court as a fiduciary to settle the financial affairs and estate of a deceased person |
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Term
| an insurance company authorized and licensed to transact business in a particular state is called |
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Definition
| admitted (authorized) insurer |
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Term
| An individual who is licensed to sell, negotiate, or effect insurance contracts on behalf of the insurer |
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