Absolute Assignment
~~> Policy assignment when assignee receives full control over the
policy and full rights to its benefits.
Accelerated benefits rider
~~> Life insurance rider that allow for early payment of some portion
of policy's face amount, should the insured suffer from te...
✓ ~~> The insurer will not pay a claim if the insured dies as a result of
flying an aircraft or acting as a member of a flight crew. In most cases,
the insurer will offer the applicant the opportunity to purchase a rider
offsetting the exclusion.
buyers guide
✓ ~~> A generic publication that explains life insurance in a way that
an average consumer can understand. It does not contain specific
product or policy information
Buy-sell agreement
✓ ~~> Agreement that a deceased businessowner's interest will be sold
and purchased at a predetermined price or at a price according to a
predetermined formula.
Churning
✓ ~~> Replacing one life contract with another within the same
company without demonstrating a benefit to the client.
common disaster provision
Master01 | September, 2024/2025 | Latest update
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