Life Insurance terms starting with A

4 terms

1. Accelerated Death Benefits Benefits available in some life insurance policies prior to death.
2. Accidental Death Benefit A provision added to a life insurance policy for payment of an additional benefit in case of death as a result of an accident.
3. Annuity A life insurance contract sold by insurance companies, brokers, and other financial institutions. It is usually sold as a retirement investment.
4. Automatic Premium Loan A provision in a life insurance policy that any premium not paid by the end of the grace period (usually 31 days) will be automatically paid by a policy…