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Archive for the 'Glossary' Category

ACCIDENT AND HEALTH INSURANCE

December 19th, 2007 by Insurance Quote Pros

 
Coverage for accidental injury, accidental death, and related health expenses. Benefits will pay for preventative services, medical expenses and catastrophic care, with limits.
 
Information provided by Insurance Information Institute

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ACCELERATED DEATH BENEFITS

December 7th, 2007 by Insurance Quote Pros

A life insurance policy option that provides policy proceeds to insured individuals over their lifetimes, in the event of a terminal illness. This is in lieu of a traditional policy that pays beneficiaries after the insured’s death. Such benefits kick in if the insured becomes terminally ill, needs extreme medical intervention, or must reside in a nursing home. The payments made while the insured is living are deducted from any death benefits paid to beneficiaries.

Information provided by Insurance Information Institute

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ACCELERATED DEATH BENEFITS

December 6th, 2007 by Insurance Quote Pros

ACCELERATED DEATH BENEFITS
A life insurance policy option that provides policy proceeds to insured individuals over their lifetimes, in the event of a terminal illness. This is in lieu of a traditional policy that pays beneficiaries after the insured’s death. Such benefits kick in if the insured becomes terminally ill, needs extreme medical intervention, or must reside in a nursing home. The payments made while the insured is living are deducted from any death benefits paid to beneficiaries.

Information provided by Insurance Information Institute

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A-SHARE VARIABLE ANNUITY

December 5th, 2007 by Insurance Quote Pros

A-SHARE VARIABLE ANNUITY
A form of variable annuity contract where the contract holder pays sales charges up front rather than eventually having to pay a surrender charge.

Information provided by Insurance Information Institute

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