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A provision that will pay all or part of the policy death benefits while the policyholder is still alive.  Conditions include proof that the policyholder is terminally ill with a life expectancy of less than 12 months, has a specified life-threatening disease or is in a long-term care facility such as a nursing home.  By accepting an accelerated be [..]

Expenses incurred in acquiring new business premiums and conservation of renewal business. Broad in scope, it includes cost of soliciting business, issuance of policies, collection of premiums, agents’ compensation, field supervision, advertising, and any other expense reasonably attributable to acquisition and conservation of written premiums.

A person whose principal function is to make the technical calculations required for the pricing of insurance policies.

One who is protected by an insurance policy other than the named insured. Examples: In automobile insurance, one who drives the insured’s car with his consent ordinarily is protected. In property insurance, this might be a co-owner, mortgagee, or lien holder.

Most companies give the insured the right of making premium payments in advance.

The ages below and above which the company will not accept applicants.

1. An individual who solicits insurance for one or more carriers and may perform other functions, such as issuing policies. 2. Agents of a direct writer are sales employees of one company only.

This coverage protects against loss from "all risks of physical loss" for dwellings subject to certain exclusions contained in the form.

  A contract in which the buyer deposits money with a life insurance company for investment.  The contract provides for specific payments to be made at regular intervals for a fixed period or for life.