Rated Policy


Definition of "Rated policy"

Statement in which a life insurance applicant is charged a higher-than-standard premium to reflect a unique impairment, occupation, or hobby, such as a history of heart disease or a circus performer or sky diver.



Search Real Estate Glossary

 

Related Real Estate Glossary terms

Level Premium

Premium that remains unchanged over time, regardless of any change in the nature of the risk. ...

Mortgagee

Lender (such as a bank) that has the property of the borrower as collateral (security, lien). If the ...

How Big Is An Acre?

A hectare is an area of land equal to 2.471 acres, 107,637 square feet, and 10,000 square meters. F ...

Annuitant

Person who receives an income benefit from an annuity for life or for a specified period. ...

Fraudulent Claim

Demand without foundation, such as a claim submitted to an insurance company by an insured who cause ...

Engineering Approach

Approach in loss prevention placing emphasis on physical features of the workplace as a potential ca ...

Related Real Estate FAQ

What Is A Principal?

Principal is the amount of money borrowed and still owed on a loan not including the interest. ...

What Is A Negative Amortization?

A negative amortization is a type of loan situation that occurs when the monthly payments do not cov ...

What Is Loan Amortization?

This calculator will amortize your mortgage over the loan period based on your input. To see a break ...

What Is A Lien?

A lien is a claim against a property. ...

What Is Comprehensive Homeowners Insurance?

Comprehensive is the most expensive type of homeowners insurance; it covers the most potential damag ...

What Is An Appreciation?

Changes in the market conditions, or improvements to the property that increase the value of the pro ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

How To Get A Loan with Bad Credit What Costs Do Buyers and Sellers Pay On Big Day When Escrow Closes? When to buy a house 10 Tips for Homebuyers What is Escrow and how does it Work?

FAQ

What do I need to know about Pet Insurance? What is a fixed-rate mortgage? What is a CD? What does an appraisal mean? What is a subprime mortgage?