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Glossary

Disclaimer: This glossary is provided as a courtesy and for general information purposes and does not modify the provisions of any policy. The material contained in this glossary is offered for the purpose of education and information only and is not a substitute for obtaining advice from a legal, tax or other qualified advisor.

A

Accident
Accidental Death and Dismemberment Benefit
Accumulation Period
Annualization of Waived Premium
Application
Assocation Disability Insurance
Automatic Increase Rider

B

Benefit Period
Buy-Sell Agreement

C

Capital Sum Benefit
Claim Form
Conditional Receipt
Consumer Price Index-Urban
Cost of Living Rider
Cross-Purchase Agreement
Cumulative Benefit
Current Expenses
Current Income

D

Disability
Disability Buy Out (insurance)
Disability Insurance

E

Earned Income
Elimination Period
Exclusions

F

Foreign Residency Limitation
Fractional Month
Future Increase Option

G

Grace Period
Graded Premium
Group Disability Insurance
Guaranteed Renewable

I

Incontestability
Indexing
Injury
Installments

K

Key Employee

L

Lifetime Disability Benefit
Loss of Incoming
Loss Payee
Lump Sum

M

Medical Care Requirement
Misstatement of Age
Monthly Indemnity
N

Noncancellable and Guaranteed Renewable to age 65

O

Occupation
Optional Benefit Rider
Over-insured
Owner
Own Occupation (Your Occupation)

P

Partial Disability
Participation Limit
Policy
Policy Term
Pre-Existing Condition
Pre-Existing Condition Limitation
Preliminary Inquiry
Premium
Presumptive Disability
Prior Expenses
Prior Income

Q

Qualified Sick Pay Plan

R

Recovery Benefit
Recurrent Periods of Disability
Rehabilitation Benefit
Reinstatement
Residual Disability

S

Sickness
Social Insurance Offset / Substitute Rider
Social Security Disability Insurance (SSDI)
State Disability Benefit Insurance Laws
Stock Redemption Agreement

T

Term Changes
Total Disability
Transplant and Cosmetic Surgery Benefit

U

Unemployment Premium Waiver Option

W

Waiver of Elimination Period
Waiver of Premium
Worker's Compensation

Y

Your Occupation