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One common reduction is called a graded death benefit, which lowers the benefit if the policyholder dies just a short time after taking out the policy. The specific length of time depends on state ...
Definition of material misrepresentation. ... Perhaps the most important detail to understand is the graded death benefit clause, a safeguard that many insurance companies have adopted ...
A universal life insurance policy is a flexible type of permanent life policy — you can adjust your death benefit. It also comes with a cash value portion that grows depending on market interest ...
Another feature of flexible death benefit is the ability to choose option A or option B death benefits and to change those options over the course of the life of the insured. Option A is often referred to as a "level death benefit"; death benefits remain level for the life of the insured, and premiums are lower than policies with Option B death ...
A blending of participating and term life insurance, wherein a part of the dividends is used to purchase additional term insurance. This can generally yield a higher death benefit, at a cost to long term cash value. In some policy years the dividends may be below projections, causing the death benefit in those years to decrease.
This is a list of roots, suffixes, and prefixes used in medical terminology, their meanings, and their etymologies. Most of them are combining forms in Neo-Latin and hence international scientific vocabulary. There are a few general rules about how they combine.
Graded death benefit policies: Policies like guaranteed issue life insurance often have a graded death benefit period, typically the first two years. During this period, if the insured dies from ...
Graded death benefit: Often found in final expense and guaranteed issue policies, a graded death benefit has a waiting period before the full benefit is available. For example, if the insured ...