Life insurance

Life insurance

Contributors in Life insurance

Life insurance

A provision added to an insurance policy, either written on the the printed policy page or added as a rider. No endorsement is valid unless signed by an executive officer of the insurance company and ...

conditional receipt

Insurance; Life insurance

A receipt given to a life insurance applicant if all or part of the premium is paid at the time of application. This receipt does not provide absolute interim insurance (during underwriting) until ...

disability rider

Insurance; Life insurance

A rider in a life insurance policy that, in the event of an insured’s total disability, the insurer will waive payment of premiums falling due during the period of disability. Also known as waiver of ...

child rider

Insurance; Life insurance

A rider is an attachment to a policy that adds something to the policy (as opposed to being established in the body of the policy). A child rider allows parents to purchase life insurance for their ...

no-lapse guarantee rider

Insurance; Life insurance

A rider sometimes offered with a universal life insurance policy that guarantees that the policy will never lapse, and the death benefit and premiums will never rise, even if the cash value of the ...

preauthorized check plan

Insurance; Life insurance

A simplified method of paying premiums monthly. Policyowners authorize the insurance company to draw automatically one payment per month in the amount of their premium from their bank checking ...