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Dental Blue Application
HMO Application
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Online Application
Application
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Application
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Application
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Life Insurance - Premium

Mode of Premium Payment - The frequency of premium payments during the policy year. Premium payments can usually be made on annual, semiannual, quarterly or monthly modes.

Mortality Table - A statistical table showing the death rate (probability of death) at each age.

Non-Forfeiture Options - Provision in the policy which allow policy owner to chooses how the cash value of the policy will be used if the policy is surrendered or lapses due to non-payment of premium.

Ownership - All rights, benefits, and privileges under a policy are controlled by the owner, who is usually the insured. Ownership may be transferred or assigned to someone else by written request of the current owner.

Paid-Up Insurance -Insurance on which it is guaranteed that no further premium need be paid.

Participating Insurance - Insurance on which the policy owner is entitled to share in the surplus earnings of the company through dividends which reflect the difference between the premium charged and the actual earnings and costs of providing coverage.

Policy-The printed document issued to the policy owner by the company stating the terms of the insurance contract.

Policy Year - A one-year period starting on the day and month the policy was issued. The first policy year starts on the date of issue, and ends on the day before the policy's first anniversary.

Premium - The payment a policy owner is required to make for an insurance policy to remain in force.

Rated Policy - A policy issued with an additional premium to cover the extra risk involved if an insured has impaired health, a hazardous occupation or hobbies, or is a private pilot.

Reinstatement - The restoring of a lapsed or surrendered policy to full force and effect. The company requires evidence of insurability, and payment of all amounts necessary, including interest, to put the policy into the condition it would have been in had the lapse or surrender not occurred. The company is not obligated to reinstate a policy.

Rider - A provision added to a policy that provides additional benefits.

Settlement Option - The manner in which the insured or beneficiary may choose to have the policy proceeds paid.

Suicide Clause - A policy provision which reduces or eliminates the amount to be paid if the insured dies of suicide within the first two policy years.

Standard Risk - The classification of an applicant for a life insurance policy who fulfills the physical, occupational, and other requirements on which most of a company's policies are issued. Someone whose characteristics are more favorable may be classified as a "Preferred Risk". When the characteristics are less favorable, the applicant may be characterized as "Rated", or refused coverage altogether.

Surrender - To voluntarily terminate or cancel a policy for its cash value or other non forfeiture options.

Underwriting - The process of evaluating applicants for insurance and classifying them fairly so the appropriate premium rates may be charged. This may involve a physical examination of the applicant.

Waiver of Premium - A rider added to policy that will pay the premiums during the total disability of the insured.

 

 

 

Life Insurance | California Life Insurance | Group Life Insurance | Term Life Insurance |Kaiser Life Insurance

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Standard Health Plans Applications
Aetna
Application
Anthem BC Life and Health Insurance Company Tonik
Online Application
Anthem Blue Cross of California
Online Application
Application
Change of Coverage Form
Blue Shield of California
Application
Health Net of California
Online Application
Application
Health Net of California Farm Bureau
Online Application
Application
Kaiser Permanente
Online Application
Application
Temporary Health Plans Applications
Anthem BC Life and Health Insurance Company
Online Application
Application
Assurant
Application
Health Net of California
Online Application
Application
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Kaiser HSA-Qualified Deductible HMO Plans
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