Unique Impairment
Definition of "Unique impairment"
Physical, moral, or financial circumstance of a life insurance applicant that sets him or her apart from a physically, morally, and financially sound standard applicant. The underwriting weight attached to this impairment (such as a history of bankruptcy or a serious health condition) could result in the applicant being classified as substandard or uninsurable.
Popular Insurance Terms
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Expense listed on the Income and Expenditure accounting statement for the unexpired insurance policy owned. ...
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