Voluntary Life Insurance
Additional amount of life insurance above that provided by the employee benefit plan (standard group life plan) that may be chosen by the employee. A limit is usually placed on this maximum and is expressed as a multiple of the employee's earnings.
Popular Insurance Terms
Loss of a key person due to death, disability, sickness, resignation, incarceration, or retirement. Because of the expertise of such an individual, there could be a loss of income, market ...
Classification of occupations according to the degree of risk inherent in that occupation. ...
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Rate of increase in asset value. ...
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Record of insurance policies sold to an individual. ...
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Policy that provides an income for life to the primary beneficiary upon the death of the insured. The face amount of the policy becomes payable to the secondary beneficiary upon the death ...
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