Let's demystify insurance terminology. Our guide to insurance terms and definitions starts with basic insurance terms such as the five ratng classes: Preferred Plus, Preferred, Standard Plus, Standard, and Sub-standard. Then we'll expand your life insurance vocabulary, defining everything from Acce...
Life Insurance Terminologyde Grandpre, JeanPaul
Common life insurance terminology Premiums are the payments you make to the insurance company. For term life policies, these cover the cost of your insurance and administrative costs. With a permanent policy, you’ll also be able to pay money into a cash-value account. Beneficiaries are the pe...
Most life insurance companies use a basic hierarchy system; however, each company uses its unique terminology, making it somewhat confusing for consumers. A standard structure looks something like this: Preferred Plus (aka Super Preferred, Preferred Best, etc.) Preferred Standard Plus Standard Substand...
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Learn how to quickly comb through existing life insurance documents, have thoughtful conversations with clients while maximizing time spent on policy reviews.
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The COSMIN study reached international consensus on taxonomy, terminology, and definitions of measurement properties for health-related patient-reported outcomes. J Clin Epidemiol. 2010;63(7):737–45. https://doi.org/10.1016/j.jclinepi.2010.02.006. Article PubMed Google Scholar Terwee CB, ...
Evaluating these ratings will help you identify which providers, like AIG guaranteed issue life insurance, offer the best coverage and reliable service. Each year, it seems that more companies offer more types of policies, and the terminology can be overwhelming. If you don’t already know the ...
The COSMIN study reached international consensus on taxonomy, terminology, and definitions of measurement properties for health-related patient-reported outcomes. J. Clin. Epidemiol. 2010, 63, 737–745. [Google Scholar] [CrossRef] [PubMed] [Green Version] Terwee, C.B.; Bot, S.D.M.; de ...