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Earned PremiumThat particular portion of a policy's premium payment for which the guard of the insurance policy has been given already.

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Economic PolicySpecial type of participating whole life insurance in which the dividends are actually used to purchase term insurance or paid-up some additional same as to the difference among the face amount of the policy and some guaranteed amount.

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Education FundIt is planned to offer money for a child's education must the worker of the family die.

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Effective DateIt is a date on which the insurance under a policy starts.

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Electronic Funds Transfer (EFT)It is an electronic transaction, which permits payers to have insurance premium payments drawn straight from their bank accounts, reducing the requirement to write checks.

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Eligibility DateIt is a date on which an each individual member of a particular group becomes qualified to apply for insurance policy under the (group life or health) insurance plan.

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Elimination PeriodIt is a period of time among the date the sickness or disability starts and the starting of the benefit payment period.

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Emergency FundIt is one of the uses of life insurance that provides money for the emergency expenses of a deceased's family previous to any last settlement of the estate.

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EndorsementAn additional piece of paper, not a part of the actual deal, which cites some terms and which, when closed to the actual deal, becomes a legal part of that contract.

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EndowWhen an insurance policy's guaranteed cash value equals the first death advantage, it is said to "endow" or mature. Whole Life contracts classically provide at the insured's age 100.

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Endowment Policy The insured amount is to be paid either at the end of particular number of years or may be upon the death of the insured person, whichever is earlier.

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Entity PlanThe deal whereby the business, rather than an individual owner, buys's the insurance that would be used to safe the business in the result of an owner's death.

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Embezzlement Any fraudulent use or taking of another's property or money that has been delegated to one's care.

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Estate PlanningIt is a planning for the arranged handling and management of an estate upon the death of the owner.

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Evidence of InsurabilityAny statement of evidence of a person's physical condition and/or other truthful information affecting his/her receipt for insurance.

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ExaminerA physician appointed given by the medical director of a life insurer to inspect applicants.

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ExclusionIt is provision that states a situation or event, such as an act of war, for which benefits would not be surely paid.

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Executive Bonus PlanIt is a plan where an individual employee owns a life insurance policy, which was purchased, all or in part, by the employer.

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Expected MortalityThe number of deaths which supposedly would occur between groups of people during a given particular period of time, according to the mortality table in use.

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Expense ChargesThe charges charged against a policy to cover up part or all of the insurance company's gaining and preservation expenses associated to issuing and servicing the policy, with charges covering a variety of federal, state and local taxes.

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Expiration Date or ExpiryIt is a date on which the insurance policy ceases to defend the policy owner.

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Extra Premium or Extra Percentage TableThe amount charged in adding up to the usual rate to cover any additional hazard or special risk.

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