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rbcinsurance.com
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Definitions (70)
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policyholder or policy ownerA person who owns the insurance policy.
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other insuranceGroup Benefits Group Annuity Business Insurance Tools & Calculators Disability Insurance Calculator Critical Illness Insurance Calculator Payout Annuity Calculator Retirement Cash Flow Calculator Get an Insurance Quote Choose a product to get started:
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account valueUnder some insurance plans, part of the premium is invested. The account value is the total amount in each investment account.
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accidental death benefitA benefit that is paid to the beneficiary named by the policy owner if the insured dies from an accident.
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additional insuredA person who is covered by the policy in addition to the named insured.
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adjusterAn insurance representative who determines the extent of damage and/or liability when a claim is submitted.
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agentA person who is authorized to represent either an insured or an insurer when dealing with insurance matters.
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beneficiaryA person or entity who is entitled to receive the benefits from an insurance policy.
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brokerAn insurance broker is a sales representative who sells various types of insurance on behalf of several insurance companies.
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cash valueMoney that accumulates in an insurance policy, which, depending on the plan selected, can be borrowed, used as collateral for a loan, or withdrawn.
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