Family Considerations
Definition of "Family considerations"
Factors influencing the amount of life insurance to purchase, such as marketable skills of spouse, age of children, savings, investments, number of future working years' expectancy, amount of bills and notes outstanding, and funds necessary to maintain the family's customary life-style should the wage earner die.
Popular Insurance Terms
Insurance in force previous to the present insurance policy. ...
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Same as term Civil Damages Awarded: ...
Percentage of a life insurance company's policies in force at the beginning of the year that are no longer in force at the end of the year. This ratio is critical because it indicates the ...
Early payout of anticipated death benefits from a rider attached to an existing policy or from a separate policy. The purpose is to allow the terminally ill insured an additional source of ...
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Type of excess of loss reinsurance in which the insurance company (cedent) cedes its risk of loss on incurred but not reported losses (IBNR) and previously reported losses. ...
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