Absolute Beneficiary | Insurance Glossary

Definition of "Absolute beneficiary"

Same as term: Beneficiary; Beneficiary Clause:

Combination of two basic plans: accumulating units of paid-up permanent life insurance, and decreasi ...

Fees that all tenants or owners must pay for the cost of maintaining common areas. ...

Effective January 4, 1994, the backup withholding rate on dividends, interest, and gross proceeds di ...

In property coverage, ratio of the amount of insurance to the value of an insured property. This rat ...

Date at which insurance protection begins. ...

Rejection by an insurance company of an application for a policy. ...

An interest rate is the percentage the lender charges you for borrowing money. ...

A mortgage banker is a company that originates mortgages and sells them to a secondary market. ...

Discount points are a type of point paid by the borrower to reduce the interest rate. ...

Flood insurance is insurance that compensates for the physical property damage resulting from rising ...

Our agents have a wide range of coverages available, as well as an array of choices for limits and d ...

A commitment letter is a formal offer of a loan by a lender. The letter states the terms under which ...

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