Life Expectancy Term Insurance
Type of term life insurance policy that has a face amount that increases to a predetermined sum and then decreases to zero at the termination point of the policy, while at the same time generating a cash value. The number of years that the term policy will be in force is determined by the average life expectancy for the age and sex classification in which the prospective insured falls.
Popular Insurance Terms
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Coverage giving income benefits to surviving family member (s) if one member should die. These include the family income policy, family income rider, family maintenance policy, and the ...
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Termination of premium payments by an employer on behalf of an employee to an employee benefit plan. ...
Department in an insurance company that prepares policies to be sent to the policyholder, sends the policies, and keeps records of the policies that were sent. ...
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Same as term Blanket Bond: coverage for an employer in the event of dishonesty of any employee. ...
Compensation that varies with the class and type of insurance sold. Many insurance companies offer varying commissions according to the volume of business an agent places with the company. ...
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