Additional Death Benefit
Extra layer of life insurance coverage. This term is often applied to double indemnity. For example, some life insurance policies provide a death benefit of a multiple of the face value if the insured dies between certain ages when dependent children may still be living at home.
Popular Insurance Terms
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Same as term Cost-Of-Living Adjustment: automatic adjustment applied to Social Security retirement payments when the consumer price index increases at a rate of at least 3%, the first ...
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Agents, managers, and office personnel serving in the branches of an insurance company. ...
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