D's of Life Insurance Flashcards
Death Benefit
The amount payable upon the death of the individual whose life is insured.
Decreasing Term
A type of life insurance with a level premium and a death benefit that decreases yearly thought the policy.
Deductible
The portion of the loss paid by the insured before the insurer can pay any claim benefits.
Defamation
An unfair trade practice in which one agent or insurance provider makes a defamatory statement regarding another with the intent of harming the reputation of the person or company.
Dependent
An individual who relies on another for support and maintenance.
Director (Commissioner, Superintendent)
The head of the sate Department of Insurance.
Congenital
A condition or trait present at birth. It may be the result of genetic or non-genetic factors.
Disability
A mental or physical impairment, either congenital or resulting from a sickness or injury.
Disability Income Insurance
Health insurance that provides periodic payments to replace an insured’s income when they are ill or injured.
Solicitation
the act of asking for or trying to obtain something from someone.
Disclosure
Identifying the name of the producer, representative, limited insurance representative, firm, or temporary insurance producer on any policy solicitation.
Domestic Insurer
An insurance provider that conducts business in the state of incorporation.
Domicile of Insurer
An insurer’s location of incorporation and the legal ability to write business in a state.
Dread (Specified) Disease Policy
A policy with a high maximum limit that covers certain diseases named in the contract (such as meningitis and polio)
Dual Choice
A federal requirement that employers with 25 or more employees, who are within the service area of a qualified HMO who pay minimum wage and offer a health plan, are required to provide HMO coverage and an indemnity plan.
