Learn about sole proprietorship insurance for health and life coverage to ensure the continuity and stability of your business.
Learn about Family Policy in Life Insurance, a combination of whole life insurance for the head of a household and term coverage for other family members. Understand its benefits and scope.
Learn about Gross Premium in insurance, including its definition, components, and significance in both general and life insurance. Understand how Gross Premium is calculated and its impact on policyholders.
Learn about 1035 exchange in life insurance, as defined under section 1035a of the tax code, which allows for the exchange of life insurance for annuities. Explore the benefits and regulations involved.
Learn about combination agencies that sell both life insurance and industrial life insurance. Understand the benefits and services offered by such agencies in the insurance sector.
Discover the importance of extra percentage tables in health and life insurance which indicate the additional premiums for specific medical conditions.
Learn about Group Permanent Insurance, a plan that offers both retirement benefits and life insurance for groups. Understand its features, including equal premium usage.
Learn about the death benefit in life insurance, the amount payable to the beneficiary upon the insured's death. Discover how it's calculated and factors affecting it.
Learn about in-force business in the context of health and life insurance. Understand the total value of policies either fully paid or being processed, and its impact on insurer portfolios and premium volumes.
Explore the concept of Minimum Amount Life Policy, a life insurance policy that specifies only a minimum face value. Learn how it works and why it might be suitable for your needs.
Understand what a straight life policy, also known as a continuous premium whole life policy, entails. Learn how premiums are extended over the insured’s lifetime and the benefits involved.
Learn about Jumping Juvenile Life Insurance, a policy designed for children that automatically increases in value at age 21 without needing proof of insurability.
Discover the role of the Institute of Life Insurance, a crucial part of the American Council of Life Insurance focused on enhancing the reputation and credibility of life insurance.
Discover the role of the American College in conducting life insurance research and providing continuing education for insurance agents. Learn about its impact on the industry.
Explore what a dual life stock company is, focusing on its ability to issue both participating and nonparticipating policy contracts within the domain of life insurance.
Learn about the Graduated Life Table in life insurance, a mortality table enhanced with a formula for accuracy in predicting life expectancy.
Learn about Separate Accounts in the context of Pensions, Annuity, and Life Insurance. Understand how companies hold assets for participants in a variable contract, typically through a unit investment trust registered with the SEC.
Learn about disability pensions in life insurance—pensions paid out to workers who become disabled, typically at normal retirement age.
Learn about policy reserves in life insurance, a crucial concept ensuring that all policies merit a portion of the pro rata reserve.
Learn about Universal Life Insurance, a life insurance policy offering flexible premiums where policyholders can choose their premium amount and receive corresponding benefits.
Understand the concept of uniform premium in health and life insurance, where premium amounts are determined without considering the insured’s age, occupation, or gender.
Explore the unique features of Variable Universal Life Insurance, a hybrid policy combining the benefits of variable and universal life insurance with adjustable premiums and benefit amounts.
Explore the concept of conversion in life insurance, health insurance, and general insurance. Understand the transfer processes and legal implications.
Understand the significance of an emergency fund in life insurance and how it provides immediate financial relief to the beneficiaries during the time before the deceased's estate is finalized.
Learn about fraternal insurance, a special type of insurance specifically for members of a fraternal group or lodge that covers health and life insurance needs.
Explore the various settlement options available in life insurance policies beyond the traditional lump sum payment. Learn about choosing the right payout alternative for your needs.
Learn about Human Life Value in Life Insurance, a method to determine adequate coverage by considering income, expenses, work years remaining, and depreciation.
Learn about open debits in health and life insurance, where designated territories are left without an assigned insurance agent. Explore its implications and relevance within the insurance domain.
Explore the significance of the Life Insurers’ Conference, where life insurance providers exchange insights on management and address important management issues.
Learn about viatical settlements in life insurance, where terminally ill policyholders receive a portion of death benefits ahead of time by transferring policy rights.
Understand Aviation Trip Life Insurance, a policy designed to cover the insured’s life for the duration of a specific flight. Learn why it can be essential for frequent flyers and travelers.
Discover comprehensive shoppers guides for health and life insurance. Learn about types of coverage, and find the best policies to suit your needs. Make informed insurance decisions.
Learn about the blackout period in life insurance, the timeframe when a deceased person’s spouse stops receiving survivor benefits and starts receiving retirement benefits.
Explore the interest sensitive provision in life insurance that ensures a guaranteed interest amount plus potential additional interest based on current interest rates, common in flexible premium policies.
Explore the concept of attained age in life insurance. Learn how the insured's age at a specific date affects policy premiums and benefits.
Discover how cash value life insurance allows policyholders to accumulate savings, providing both insurance coverage and a cash component.
Learn about the illegal practice of churning in life insurance, where existing policies are unnecessarily replaced to earn extra commissions.
Explore the role of a Cleanup Fund in life insurance. Learn how it helps cover remaining costs after a policyholder's death and ensure financial stability for beneficiaries.
Learn about Contingent Beneficiary in life insurance - a secondary beneficiary who receives benefits if the primary beneficiary is deceased at payout.
Learn about delivered business in life insurance, where contracts are delivered to the insured but have not yet been paid for. Understand the implications and significance of this term in the insurance industry.
Learn about the Employee Certificate of Insurance in health and life insurance. Discover what this proof of membership in a group plan entails and the key elements it includes.
Learn about juvenile insurance, a life insurance policy tailored for children under the age of 21. Discover its benefits, policy options, and importance.
Learn about life insurance policy summaries, including terms, conditions, coverage limitations, and premium details to better understand your coverage.
Explore the role and responsibilities of a Life Underwriter in Life Insurance. Understand what a life underwriter does, their importance in risk appraisal, and their duties as a life insurance agent.
Learn about mortgage redemption insurance, a term policy that reduces monthly and can be used as mortgage insurance. Discover its role in health and life insurance.
Explore nonmedical policies in health and life insurance, where no medical examination is required. Understand the benefits and essentials of these insurance options.
Explore the ins and outs of ordinary life policies in life insurance. Learn how premiums are paid as long as the insured lives and the benefits of this type of insurance.
Explore the importance of persistency in life insurance and how it impacts the underwriting process, ensuring business stability and retention.
Learn about the premium receipt book in life insurance, its definition, importance, and usage. Discover how it helps in keeping track of premium payments.
Learn about the register method in life insurance—a crucial technique for recording all policies charged to a particular debt account. Understand its importance in financial management within life insurance.
Learn about the role and importance of a tertiary beneficiary in a life insurance policy, including who they are and how they can impact your insurance outcomes.
Learn about Dividend Options in Life Insurance and how policyholders can choose alternative ways to collect dividends.
Learn about limited policies in health and life insurance, which only pay under specific conditions as specified in the contract. Understand their low limits and limited forms.
Learn about the monthly administration fee in life insurance, a charge assessed in universal life policies to cover the company's administrative costs.
Learn about Term Insurance, a life insurance policy valid for a set term, often until the insured reaches a certain age like 65 or 70. Discover its unique characteristics compared to whole life policies.
Explore the concept of termination in life and general insurance, including the end of coverage and nonforfeiture value in life insurance policies.
Learn about the Life Insurance Cost Surrender Index, which helps determine the cash surrender value of a life insurance policy at the 10 or 20-year mark.
Learn about variable contracts in life and health insurance, their regulations, and associated risks. Discover how these contracts differ from typical insurance agreements.
Learn about vesting in life insurance, how it secures your right to benefits from employer contributions, and why you don't need to remain employed to retain these benefits.
Learn about commutation in life insurance, a process where policyholders trade a series of future payments for a lump sum settlement. Understand its benefits and implications.
Discover the fundamental aspects of dependent coverage in health and life insurance, including eligibility for spouses and children, and applicable age limits.
Learn about the role of an examiner in the insurance industry, including general, health, and life insurance. Understand their responsibilities in auditing insurers and examining prospective policyholders for health and life insurance.
Learn about graded premium in life insurance, a type of premium that starts lower and increases over time, offering a cost-effective start for policyholders.
Explore the concept of Retirement Annuity in life insurance, a deferred annuity wherein the consideration is paid in installments until reaching a pre-selected retirement age.
Learn about installments certain in life insurance, an option where the settlement is paid in equal portions for a specified time frame. Understand its benefits and implications.
Explore the concept of quadruple indemnity in life insurance, a provision that provides multiple indemnity, similar to double indemnity. Learn how it can impact your policy and coverage.
Learn about collateral assignment in life insurance and how it is used to secure a loan. Understand the implications for both the policyholder and the creditor.
Learn about weekly premium insurance policies in health and life insurance, where an agent visits the insured's home to collect premiums, typically for small amounts.
Learn about deferred premium in life insurance, where premiums have yet to be paid and are not yet due. Understand its impact on policyholders and insurers.
Learn about dividend additions in life insurance, an option that allows insured individuals to use dividends to purchase additional single premium life insurance policies.
Learn about the Family Maintenance Policy in life insurance, which provides beneficiaries an income post the insured's death, followed by payout of the policy's face amount.
Explore the essentials of Scheduled Premium Variable Life Insurance, a type of whole life policy with a fixed premium and guaranteed minimum face amount.
Explore the concept of Coordination of Benefits in health and life insurance. Learn how it determines the primary insurer when you're covered by multiple insurers.
Learn about paid business in health and life insurance, including the application process, premium payments, and medical exams required.
Learn about 'Amount at Risk' in life insurance, discover how it affects the life insurance policy, and understand its importance in the payout process.
Learn about the role of a Combination Agent in life insurance, including their duties in selling both industrial life insurance and regular life insurance policies.
Learn about the educational fund liability in life insurance policies. Understand how it ensures money for a child's education if the main breadwinner passes away.
An in-depth look at entity agreements in life insurance, a crucial buy-sell arrangement for partnerships that ensures stability when a partner becomes disabled or dies.
Learn about the extended death benefit in life insurance, a crucial group policy clause ensuring payout if the insured is disabled when premiums stop or dies within a year of non-payment.
Learn everything about guaranteed renewable contracts in health and life insurance. Understand how these policies work, the benefits, and what to consider when opting for such contracts.
Explore the concept of Increasing Term Insurance, a unique type of life insurance policy that offers a consistent premium while the death benefit increases over time. Learn how it can provide enhanced financial protection for your loved ones.
Discover what Joint Insurance in Life Insurance involves. Learn how policies are structured with multiple names and how benefits are paid. Ideal for couples or business partners.
Explore the different ways in which a beneficiary can receive the payout of a life insurance policy. Learn about the optional modes of settlement in life insurance.
Learn about Acceleration Life Insurance, a policy feature that allows the insured to access a portion of the death benefit before death for certain medical costs.
Learn about Permanent Life Insurance, a broad category encompassing various life insurance options beyond group or term policies.
Learn about policy loans in life insurance, where the loan amount is based on the policy's cash value and the policy itself serves as collateral.
Explore the concept of self-funded insurance plans, where employers directly pay eligible claims. Discover the advantages and considerations of this approach to manage steady and predictable healthcare and life insurance costs.
Learn about the Common Disaster Clause in life insurance policies, which outlines the procedure for payout if both the insured and the beneficiary pass away simultaneously.
Learn about the automatic increase in benefit provision in life insurance, a key clause in disability coverage that ensures rising payments over the years based on a pre-determined percentage.
Understand the impact of cash withdrawals on life insurance policies and employee benefit plans. Learn how these withdrawals affect the total death benefit and potential forfeitures in employer-purchased benefits.
Discover the meaning of Cestui Que Vie, a crucial insurance term referring to the person whose life measures the duration of a trust, gift, estate, or insurance contract.
Understand what collection commission in life insurance is and how it benefits agents. Learn about the portion of premiums paid to agents collecting debt insurance premiums.
Learn about combination plans in life insurance, a strategy that integrates life insurance with a side or auxiliary fund to enhance future pensions or annuities.
Learn about the Commissioner’s Standard Ordinary Mortality Table, a critical tool used in life insurance to calculate the nonforfeiture value due to policyholders.
Learn about continuous premium whole life insurance, which spreads premium payments throughout the insured's life, up to age 100. Understand its benefits, structure, and more.
Learn about the cost of insurance charge in life insurance, also known as the mortality charge. Discover how this fee impacts your life insurance policy and its pure insurance protection element.
Credit Life Insurance is a policy that safeguards creditors if the insured dies before fully paying off a debt. Learn more about this essential life insurance option.
Discover what a deficiency reserve in life insurance means, including when it is required on a balance sheet if the premium charged is less than the net premium reserve.
Learn about dependent life insurance, a group life insurance benefit that provides death protection to the dependents of an employee covered under the plan.
Learn about the dividend accumulation option in life insurance policies, which allows policyholders to accumulate dividends with the insurer and earn compound interest.
