Learn about the concept of 'Additional Insured' in general insurance terms. Discover how secondary beneficiaries, such as children, are added to policies and what that entails.
A comprehensive insight into the term 'Natural Death' in general insurance, defined as death due to natural causes excluding accident or homicide.
Learn what 'Dependent' means in general insurance terms. Discover how dependents affect policies and the role they play in insurance coverage.
Learn about the designation of an irrevocable beneficiary in life insurance and the importance of obtaining consent to make changes.
In the realm of real estate, the term 'Grantor' refers to the individual selling the property. Explore the significance of the grantor in property transactions.
Explore how a spendthrift clause in life insurance protects beneficiaries by preventing creditors from claiming benefits directly. Understand the legal implications and advantages.
Learn about the role of a Trustee in general insurance, who is responsible for managing the property of another individual or group.
Explore the assignment clause in general insurance, which allows policyholders to transfer or assign their policies to another person or entity.
A comprehensive guide on 'Vis Major' or 'Act of God' in general insurance, explaining accidents for which no one can be held responsible.
Explore the Beneficiary Clause in general insurance, allowing the insured to designate and change a beneficiary at any time. Learn its importance and implementation.
An Act of God in general insurance terms refers to a natural event outside of human control, such as an earthquake. Learn more about its definition and implications.
Learn about insurance claims, the process of requesting disbursement of promised benefits, and key terminology in the insurance domain.
Understand the concept of Per Stirpes distribution in life insurance, which ensures property inheritance through a beneficiary's heirs if the beneficiary predeceases the insured.
