Date of Issue to Dividend Definitions
A B C D E F G H I J K L M N O P R S T U V W Y
D
- Date of Issue
- The date indicated on the policy as the actual date that the policy
was issued, This may not be the same date as the effective date of
the coverage.
- Death Benefits
- The amount of money paid or services performed as specified in the
policy that is due to the beneficiary(ies) at the time of the death
of the insured.
- Decreasing Term Insurance
- A certain type of policy whereby the face amount of the policy
decreases each year but the premiums remain the same. This is
typically used to satisfy the requirements of a loan, such as a
mortgage where the amount owing decreases each year.
- Disability Insurance/Disability Income Insurance
- A type of insurance whereby the insured is paid a specified amount
of money each month if he becomes impaired and can no longer work.
- Dividend
- Distribution of company's earnings to the shareholders.
