Person or persons named to receive proceeds in case the primary beneficiary is not alive.
The date when an insurance policy goes into force or becomes active.
Statements or proof of a person’s physical condition affecting the acceptance for insurance.
The right to purchase insurance without physical examination; the present and past physical condition of the applicant are not considered.
A tax-advantaged medical savings account available to taxpayers in the U.S. who are enrolled in a high-deductible health plan (HDHP).
A health insurance plan with lower premiums and higher deductibles than a traditional health plan.
A period of time each year when you can sign up for insurance.
A health or physical condition that existed prior to the effective date of an insurance policy.
A beneficiary that is first in line to receive the named benefits.
A clause that waives the policyholder’s obligation to pay any further premiums should he or she become seriously ill or disabled.