Life insurance

Life insurance

Contributors in Life insurance

Life insurance

A person who is considered an under-average or impaired insurance risk because of his or her physical condition, family or personal history of disease. occupation, residence in unheatlhy climate, or ...

standard risk

Insurance; Life insurance

A person who, according to the insurer’s underwriting standard, is entitled to insurance protection without extra rating or special restrictions.

preferred risk

Insurance; Life insurance

A person whose physical condition, occupation, mode of living, and other characteristics indicate a prospect for longevity which is superior to that of the average longevity of unimpaired lives of ...

super preferred risk

Insurance; Life insurance

A person whose physical condition, occupation, mode of living, and other characteristics indicate a prospect for longevity which is superior to that of the preferred risk of the same age. Sometimes ...

preferred best risk

Insurance; Life insurance

lapsed policy

Insurance; Life insurance

A policy terminated because of nonpayment of premiums.

not taken

Insurance; Life insurance

A policy that has been issued, but not accepted and paid for by the prospective policyowner and, therefore, is returned to the company without ever having been in force.