insurancehelp.ca

Website:http://www.insurancehelp.ca
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Definitions (58)

1

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accidental death benefit


Provides a benefit in the case of accidental death in addition to base amount of coverage.
Source: insurancehelp.ca

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agent


The insurance company (Canada Protection Plan) representative and adviser who sells insurance policies to consumers.
Source: insurancehelp.ca

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anniversary year


Any 1-year period from the anniversary of when a policy was issued.
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annual premium


A yearly policy fee payable by a policyholder.
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annuity


A contract that provides income payments at regular intervals, usually for a specified period or for the lifetime of the annuitant.
Source: insurancehelp.ca

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annuity period


The time between each payment under an annuity, usually 1 month or 1 year.
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applicant


The individual or party applying for an insurance policy.
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automatic waiver of premium


A benefit that automatically covers the cost of premium payments, usually in case of death or injury.
Source: insurancehelp.ca

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beneficiary


The person designated to receive proceeds of an insurance policy.
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benefit


A payment or option available under the terms of an insurance policy.
Source: insurancehelp.ca


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