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In electric power distribution, a service drop is an overhead electrical line running from a utility pole, to a customer's building or other premises. It is the point where electric utilities provide power to their customers. [1] The customer connection to an underground distribution system is usually called a "service lateral".
Here are some of the most common ways death benefits are paid out: Lump Sum: This is the most common way to receive a payout. The life insurance company will cut you a check or wire the whole ...
Provide written consent to be insured under the contract during and after active employment. Be informed in writing if the employer will be a sole or partial beneficiary of any death benefits. Specified Exception: The insured was an employee at any time during the 12-month period before the insured’s death. Specified Exception:
Pays full benefit unless death is due to excluded causes (e.g., suicide in the exclusion period). Accidental Death Benefit Only pays if the insured dies as a result of an accident.
A life settlement or viatical settlement (from Latin viaticum, something received before death) [1] is the sale of an existing life insurance policy (typically of seniors) for more than its cash surrender value, but less than its net death benefit, [2] to a third party investor. [3] Such a sale provides the policy owner with a lump sum. [4]
The post Understanding the Death Benefit of a Variable Annuity appeared first on SmartReads by SmartAsset. Variable annuities are insurance contracts designed not only to provide regular income ...
The opposite of firm service is non-firm service, also called interruptible service or as-available service. The cost per unit for this service is called a non-firm rate or interruptible rate . The interruptible load is the portion of a utility's load that comes from customers with interruptible service.
In electric power transmission, wheeling is the transmission of power from one system to another through the third-party interconnecting network. [ 1 ] [ 2 ] [ 3 ] The wheeling provider, or utility, receives compensation for the service and for electricity losses incurred in the transmission.