Learn about what a recording agent is in the context of property insurance and how they function within the industry. Understand their role and significance in writing property insurance policies.
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.
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 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 deferred premium in life insurance, where premiums have yet to be paid and are not yet due. Understand its impact on policyholders and insurers.
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 the concept of the expiration file in general insurance, which is a notation kept by agents or salespeople indicating the day on which insurance policies expire.
Learn about Extended Term Insurance in Life Insurance, a clause under many policies that allows for the continuation of existing insurance based on the contract's cash value.
Learn about flexible premium policies in life insurance, which allow policyholders to modify the amount and scheduling of their premium payments for better financial management.
Learn about the lapse ratio in life insurance, a key metric that evaluates the proportion of lapsed contracts compared to the total number in effect over a specific time period.
Dive deep into the unpaid premium provision in health insurance, an important clause that permits unpaid premiums to be deducted from claim payments. Learn how this provision can impact policyholders and claims.
Learn about the net increase in life insurance, a crucial metric for determining the amount of new policies and renewals minus lapses or cancellations. Understand how insurers use this calculation to gauge business growth.
Explore the benefits of quantity discounts in life insurance policies. Learn how purchasing a high face value policy can lead to significant savings.
Learn about the corridor in universal life insurance, its role in maintaining life insurance status for tax purposes, and its significance for policyholders.
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.
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 what it means to surrender a life insurance policy, the financial implications of cash value, and what policyholders need to consider.
