Learn about blending in life insurance, the process of combining a term life insurance policy with an ordinary life insurance policy to create a unique coverage plan.
Learn about disability benefits, which provide financial support to individuals deemed partially or totally disabled. Explore policies and clauses in health and life insurance.
Explore the key features of employee benefit programs, focusing on employer-provided health and life insurance to cover medical care, death, and disability expenses.
Learn about Endorsement Split Dollar Plans, a liability insurance strategy where an employer holds ownership and control of an employee’s life insurance policy, ensuring the employee's right to benefits through the employer’s endorsement.
A comprehensive guide to Joint Annuities in Life Insurance, explaining how they work, who they benefit, and key considerations when choosing this type of annuity.
Learn about legal reserve life insurance companies, which maintain reserves as mandated by local laws to ensure financial stability and compliance.
Explore the essentials of life insurance, including how it works, the benefits provided, and various circumstances under which payouts are made.
Learn about the significance of medical examinations for health and life insurance policies. Discover how these physical evaluations, performed by a doctor on behalf of the insured, impact your coverage.
Learn about the misstatement of age in health and life insurance policies, including the consequences of providing a false age when applying for a policy.
Learn about Modified Life Policy, a unique life insurance type with initially lower premiums and subsequent higher rates after a set period.
Learn about the mortality charge in life insurance, its significance, and how it affects your policy costs. Explore pure insurance protection and more.
Learn about mortality cost in life insurance, how it is calculated using a mortality table, and its significance in determining policy premiums.
Discover how mortgage insurance can provide financial security by covering mortgage payments in case of death or disability. Learn how this policy functions and its benefits.
Explore the concept of nonforfeiture values in life insurance and learn about the options policyholders have when they stop paying premiums, including paid up surrender value and cash surrender value.
Explore the concept of ownership in life insurance, defining control over benefits and privileges and explaining ownership transfer.
Learn about partnership insurance, a crucial life and health insurance product for businesses. Discover how cross purchase and entity plans help partnerships continue operations after the death or dismemberment of a partner.
Learn about the Premium Refund provision in life insurance, which allows beneficiaries to receive the policy's face amount and the total premiums paid.
Learn about the Attending Physician Statement, a crucial document detailing an individual's medical information used in health and life insurance policy underwriting.
Learn about the basic time frame in life insurance, the period during which losses must occur for a life insurance policy to pay out benefits.
Learn about the Facility of Payment Clause in industrial life insurance, allowing insurers to pay policy proceeds to a relative or entitled person to minimize legal costs.
Discover the benefits of the Free Look Period in Health and Life Insurance policies. Learn how you can review and decide without commitment.
Learn about the level death benefit option in universal life insurance, which provides either the face value of the policy or a percentage of the accumulation value upon the insured's death.
Learn about the essential Statement of Policy Information in universal life insurance, detailing transactions and annual updates like interest credited and premiums paid.
Learn about the war clause in health and life insurance policies, which excludes coverage for losses caused by acts of war.
Learn about unscheduled premium payments in life insurance, including their role, benefits, and requirements for universal life policies.
Learn about the Uniform Simultaneous Death Act, a law detailing how life insurers proceed when both the insured and the beneficiary die simultaneously. Discover who receives the benefits.
Explore the intricacies of Variable Life Insurance, a form whose face value is influenced by the equity products invested in. Learn how securities impact the payout.
Understand the concept of Written Business in Life Insurance, where coverage has been applied for but not yet started.
Discover the unique Wisconsin Life Fund, a state-sponsored life insurance plan offering coverage exclusively to citizens of Wisconsin. Learn how this exclusive program operates and its benefits.
Understand Yearly Renewable Term (YRT) life insurance policies and their renewability, along with its implications in reinsurance, where the reinsurer assumes only mortality risk.
Learn about the Z Table in life insurance, which presents mortality data from 1925 to 1934, and its significance in the insurance industry.
Learn about the American Council of Life Insurance, an important association that helps insurance groups exchange information and stay updated on legislative matters.
Learn about aviation exclusion in life insurance policies, a clause noting non-coverage for incidents involving non-commercial flights such as small-plane crashes.
Understand the Commissioner's Standard Industrial Mortality Table, used to determine the nonforfeiture value for industrial life insurance policies. Learn its role and significance in life insurance.
Understanding the control provision in life insurance policies, particularly how it provides control to someone other than the insured, usually noted in contracts for underage individuals.
Understand credit insurance, a vital policy that ensures your debts are handled if you die or become disabled. Learn how it protects your financial obligations in both life and health scenarios.
Learn about deferred vesting in life insurance, where rights to the benefits are attained after meeting specific requirements. Enhance your knowledge about vesting schedules and their significance in insurance.
Learn about the delay clause in life insurance policies, which prohibits liability for damages or loss due to delayed travel. Understand its implications and protect yourself effectively.
Explore the conditions necessary for eligibility under group health insurance and pension plans. Understand the key factors that determine eligibility requirements for coverage.
Learn about the Employee Retirement Income Security Act (ERISA) related to life insurance, which outlines federal criteria concerning pension plans, including participation requirements, financial responsibility, and financing.
Explore group permanent life insurance, a form of group life insurance where policyholders can choose from various permanent life insurance plans. Understand the benefits and options available for comprehensive life insurance coverage.
Understanding the term 'Guaranteed Cash Value' in whole life insurance policies. Learn how it accumulates and its impact on your life insurance over time.
Learn about Guaranteed Insurability in health and life insurance. Discover how this contract option allows you to purchase extra insurance without proving insurability again.
Understand impaired risk in health and life insurance — a term describing individuals in less-desirable conditions, such as health insurance applicants with multiple heart attacks.
Learn about the Integrated LTC Rider in health insurance policies, which states that Long-Term Care (LTC) benefits will reduce the policy’s other benefits if paid out.
Learn about Interest Adjusted Cost in life insurance—a method that considers the interest your premium payments could have accrued if invested. Get insights on how this calculation reveals the true cost of your life insurance policy.
Learn about issued business in life insurance, which refers to contracts that have been written but not yet agreed to by the insured. Discover the significance and process.
Understand the role of a Joint Insured in a joint life insurance contract. Learn who qualifies as a joint insured and the advantages of such policies.
Learn about Life Paid Up at Age (Life Insurance), a policy offering lifetime coverage with premiums that stop at a predetermined age, securing lifelong protection without lifelong payments.
Understand the concept of a Living Benefits Rider, a significant health insurance rider offering long-term care benefits for terminally ill insured individuals when attached to a life insurance contract.
Learn what it means for a life insurance policy to mature, including when the face value is paid out, typically upon the insured's death.
Learn about mixed insurers/companies in the insurance domain. Understand their structure of being owned by both stockholders and policyholders, and their scope in writing both life and health contracts.
Explore the ins and outs of a Modified Endowment Contract in Life Insurance. Understand how it operates, its unique properties, and the tax implications involved.
Explore the concept of Monthly Debit Ordinary Status Cards in life insurance, which indicates monthly debit ordinary business that is still in force and which has lapsed.
Learn about net cost in general insurance, including how total premiums paid minus cash value and dividends impact your policy over time.
Learn about the net level premium reserve, the crucial reserve an insurer must maintain to pay net level policies in their later years efficiently.
Learn about noncontributory health and life insurance where the employer covers the full premium, relieving employees from any contribution. Ideal for understanding employer-sponsored insurance benefits.
Explore the concept of Old Line in Life Insurance, emphasizing non-fraternal insurers operating based on legal reserve requirements. Gain insights into its significance and impact.
Learn about ordinary agency in life insurance, focusing on agencies that deal exclusively with ordinary life insurance policies.
Discover the significance of the ordinary register in life insurance. Learn how it operates as a crucial record book for listing data on ordinary policies within an agent's account.
Learn about payroll deduction insurance, where employees authorize their employers to deduct life insurance premiums from their paychecks. Understand how this convenient method works to secure continuous coverage.
Learn about policy proceeds in life insurance, including the payout at death or maturity, dividends on deposit, and extra insurance purchased with dividend amounts.
Discover the essential role of a primary beneficiary in life insurance. Learn how they are designated to receive benefits or a pay-out from an insurance policy after it becomes due.
Learn about the principal sum in health and life insurance, the total amount paid for accidental death, and the percentage paid for dismemberment.
Learn how reduced paid-up insurance in life insurance works, allowing the policyholder to use cash value to purchase the highest amount of paid-up insurance possible, offering sustained coverage.
Learn what it means to surrender a life insurance policy, the financial implications of cash value, and what policyholders need to consider.
Learn about the additional death benefit in life insurance, an extra benefit payable to beneficiaries upon the insured's death.
Learn about Charitable Gift Life Insurance, where a policy is donated to a charity allowing the donor to receive a tax deduction. Discover its benefits and usage.
Learn about contributory plans where employees contribute to their premium in health and life insurance policies.
Explore what conversion privilege means in health and life insurance, including how it allows insured individuals to switch from group to individual policies upon leaving a group.
Learn about Decreasing Term Life Insurance, a life insurance policy where the death benefit decreases over time until it reaches zero. Ideal for mortgage coverage and specific financial needs.
Explore the significance of policy delivery in health and life insurance. Understand the process and its importance in ensuring insurance coverage.
Learn about Family Income Policies in life insurance. Discover how these policies provide financial security with a regular income stream to beneficiaries until a specified date in the future.
Learn about group certificates provided to policyholders in group health and life insurance plans, detailing the benefits offered under the group policy.
Learn about group contracts in health and life insurance, including benefits, coverage details, and eligibility for employees under a single employer.
Learn about Key Person Insurance, a crucial life insurance policy that safeguards businesses from financial hardships due to the death of a key employee. Discover its benefits, coverage, and importance.
Explore the benefits and features of level premium insurance in life policies. Learn how premiums remain constant throughout the term, making life insurance manageable and predictable.
Explore the mixture of life insurance and long-term care coverage known as living need benefits. Learn how this practice affects the value of the life insurance policy.
Learn about the lump sum settlement option in life insurance, where the insured or beneficiary receives the entire payout amount at once.
Explore the concept of 'Offer' in insurance contracts, its significance in life and property insurance, and how it forms an essential part of the agreement between parties.
Discover what a premium load, or front-end load, entails in life insurance. Learn how this fraction of the premium covers insurer expenses.
Learn what proceeds in life insurance entail, including the face value of a policy and any amounts to be paid out. Get clear, concise information tailored for policyholders.
Learn about the standard provisions mandated by state law that are included in all life and health insurance policies. Discover how these provisions ensure consistency and compliance with regulations.
A comprehensive guide to the Cash Accumulation Method for comparing life insurance policies with identical death benefits, explaining how differences in premiums are accumulated with interest.
Learn about the entire contract clause in health and life insurance, which includes all parts of the agreement such as the application, endorsements, and conditions.
Learn about the General Agents and Managers Conference, an association affiliated with the National Association of Life Underwriters (NALU), comprising of distinguished agents and managers in the Health and Life Insurance sector.
Learn about the Ownership Provision in Life Insurance policies, which allows a policy to be owned by someone other than the insured individual.
Dive into the concept of the policy fee in life insurance. Learn about its historical significance, its function as a flat rate charge, and its impact on initial costs.
Explore the concept of values in life insurance, specifically referring to nonforfeiture values, and understand their role in policyholder benefits.
Explore the benefits of whole life insurance, a policy that remains valid through a person's lifetime, featuring a nonforfeiture value and flexible payout options.
Discover the Automatic Premium Loan Provision in life insurance policies. Learn how unpaid premiums are handled with a loan from the policy's cash value.
Explore the cost of living rider in life insurance policies, which adjusts benefits according to changes in the Consumer Price Index, ensuring your coverage keeps pace with inflation.
Learn about the concept of the expectation of life in life insurance, which estimates the remaining years for a person of a certain age using a mortality table.
Discover the benefits of home service insurance, a life insurance policy of smaller value typically ranging from $10,000 to $15,000. Learn how these policies offer convenient payment options such as bank drafts or checks sent by mail.
Discover everything you need to know about individual life insurance policies. Learn how it covers a single insured and its benefits.
Discover the role of a Third Party Administrator (TPA) in administrating life and health insurance policies for employers. Learn how TPAs facilitate communication between employers and insurers, process claims, and determine eligibility.
Learn about Endowment Insurance, a type of life insurance that promises a payout to the insured at the end of a specified period or to their beneficiary in the event of death during that period.
Learn about Evidence of Insurability in health and life insurance. Understand the importance of health facts required for underwriting, including medical physicals.
Learn about the coinsurance plan of reinsurance, a form of reinsurance where insurance companies transfer a segment of a life insurance policy to a reinsurer who then shares in the death benefit payments.
Learn about the multiple indemnity clause in life insurance policies, which ensures multiplied benefits if the peril occurs in a specified way, such as double indemnity in case of arson.
