• Accidental Death and Dismemberment

  Coverage, built into a policy, designed to provide protection in...

• Activities of Daily Living

  Bathing - the ability to wash yourself either in the...

• Annuity

  A contract between an insurance company and an individual in...

• Beneficiary

  The individual or entity designated to receive the death benefits...

• Buy-Sell

  An arrangement used by businesses to sell interests of a...

• Cash Surrender Value

  The amount of money available to a policy owner when...

• Contingent Beneficiary

  A person(s) who is entitled to receive the benefits of...

• Deductible Sources of Income

  Income from deductible sources listed in the plan which you...

• Disability Earnings

  The earnings you receive while you are disabled and working,...

• Elimination Period

  A period of continuous disability which must be satisfied before...

• Evidence of Insurability

  A statement of your medical history, which an insurance carrier...

• Gainful Employment

  Generally this is an occupation that is or can be...

• Gross Disability Payment

  Typically it is the benefit amount before the insurance carrier...

• Indexed Monthly Earnings

  Your monthly earnings adjusted on each anniversary of benefit payments...

• Injury

  A bodily injury that is the direct result of an...

• Key person policy

  An insurance policy that reimburses a business for financial loss...

• Long Term Disability

  This type of insurance pays a weekly benefit for total...

• Material and Substantial Duties

  Duties that are normally required for the performance of your...

• Maximum Capacity

  The greatest extent of work you are able to do...

• Maximum Period of Payment

  The longest period of time an insurance carrier will make...

• Occupational Sickness or Injury

  A sickness or injury that was caused by or aggravated...

• Own Occupation

  A term defining the most liberal interpretation of total disability...

• Partial Disability

  This provision is built into some disability policies and the...

• Regular Occupation

  The occupation routinely performed when a disability begins. The insurance...

• Short-term Disability

  This type of insurance pays a monthly benefit for total...

• Term Life Insurance

  A plan of insurance that covers the insured for a...

• Total Disability

  Although this definition can vary by plan, generally insureds are...

• Universal Life Insurance

  A life policy that pays a death benefit and accumulates...

• Whole Life Insurance

  A plan of insurance that covers the insured for life,...