Definition of "Codicil"
Amendment to a will that adds or modifies clauses in that will, such as adding an additional beneficiary or piece of property.
Popular Insurance Terms
Type of premium plan under which the employer (if noncontributory plan) or the employer and employee (if contributory plan) make level annual premium payments to fund the future retirement ...
Coverage issued to a creditor on the lives of debtors for outstanding loans. If a debtor dies before repayment, the policy pays the remainder of the loan to the creditor. The contract ...
Arrangement whereby an insurance company agrees to pay specified health care service vendors a predetermined sum for providing such services to the covered individuals. ...
Section of the "Unfair Trade Practices Code" of most states that declares the use of coercion to be in violation of the state code. ...
In insurance, company revenues from underwriting and investment. Insurance companies make money first, by underwriting good risks so that their premium dollars cover claims losses and ...
Prospective insured who completes and signs a written form containing personal statements about himself/herself. ...
Liability arising out of the operation of a motel or hotel as it pertains to the physical safety of guests and their property. ...
Single payment or periodic payments that are made to purchase an annuity. ...
Mortality table that includes data only on people who have recently purchased life insurance. Experience shows that such people have a lower mortality rate in the years immediately ...
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