Level Term Insurance
Coverage in which the face amount of a policy remains uniform, neither increasing nor decreasing for as long as the policy is in force.
Popular Insurance Terms
Insurance coverage for the named insured and his or her eligible dependents. ...
Inland marine policy that protects an insured against loss for property that is shipped. One policy may be written for a single shipment, as for a family moving household goods, or it may ...
Insurance for which premiums are charged according to the size of the face amount of the policy, so that the greater the face amount, the lower the cost per $1000 unit of insurance. ...
Document used in the transportation of goods that must be presented when a claim is made for a loss incurred. This document establishes the fact that the goods were under the care, custody, ...
Arrangement in which a re insurer makes payments to an insurer whose losses exceed a predetermined retention level. Non proportional reinsurance is either facultative or automatic. ...
Arrangement under which the insured pays a fixed premium to the insurance company in exchange for the total transfer of the risk to that company. ...
Basic contract language in individual health and accident insurance policies. These provisions are required under a model state law known as the uniform individual accident and sickness ...
Same as term: Beneficiary; Beneficiary Clause: ...
Insurance that covers an indirect loss stemming from a direct loss by a covered peril to income-producing property. A building destroyed by fire represents a direct loss. Lost income ...
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