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.
Learn about Preauthorization Check Plan in Life Insurance where premiums are paid through a monthly pre-authorized bank draft for easy and convenient payments.
Learn about Level Term Insurance, a type of term life policy where both the death benefit and premiums remain unchanged for the duration of the contract.
Explore comprehensive definitions, etymologies, synonyms, antonyms, facts, quotes, government regulations, references, and quizzes related to insurance terms. Ideal for professionals, students, and enthusiasts.