Preferred Risk

Preferred Risk

This insurance classification for applicants with a lower expectation of incurring loss, allows for coverage at a...
Policyowner

Policyowner

This person is entitled to exercise the rights and privileges in the policy. This person may or may not be the...
Policy Loan

Policy Loan

This nonforfeiture value in which an insurer loans a part or all of the cash value of the policy assigned as security...
Personal Contract

Personal Contract

This agreement between an insurance company and an individual states that insurance companies cover the individual's...
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