1. deductible
Amount that must be paid by the insured before benefits will be paid by the
insurer.
2. declination
The rejection by a life insurance company of an application for life insurance,
usually for reasons of health or occupation.
3. deferred annuity
Annuity payments that will begin at some future date.
4. deferred group annuity
A type of group annuity providing for the purchase each year of a paid-up
deferred annuity for each member of the group, the total amount received by
the member at retirement being the sum of these deferred annuities.
5. deposit administration group annuity
A type of group annuity providing for the accumulation of contributions in an
undivided fund out of which annuities are purchased as the members of the
group retire.
6. deposit term insurance
A form of term insurance, not really involving a "deposit," in which the firstyear
premium is larger than subsequent premiums. Typically, a partial
endowment is paid at the end of the term period. In many cases the partial
endowment can be applied toward the purchase of a new term policy or,
perhaps, a whole life policy.
7. diagnosis-related groups (DRG)
System of determining reimbursement fees based on the medical diagnosis of
a patient.
8. disability
Physical or mental condition that prevents a person from performing one or
more occupational duties temporarily (short-term), long-term, or totally (total
disability).
9. disability benefit
A feature added to some life insurance policies providing for waiver of
premium, and sometimes payment of monthly income, if the policyholder
becomes totally and permanently disabled.
10. disability income insurance
Insurance that provides periodic payments when an insured person is unable
to work as a result of illness or injury.
11. disability insurance
A form of health insurance that pays the policyholder in place of his or her
usual income if the policyholder can't work because of illness or accident.
Usually, policies begin paying after a waiting period stipulated in the policy,
and pay a certain percentage of the policyholder's usual income. Sometimes
this is provided by employers, but it's also available as a separate coverage.
12. dismemberment
Accidental loss of limb or sight.
13. disposable personal income
Personal income less personal tax and nontax payments; the income available
to people for spending and saving.
14. dividend
An amount of money returned to the holder of a participating policy. The
money is a partial refund of the premium paid. It results from actual
mortality, interest and expenses that were more favorable than expected
when the premiums were set.
15. dividend addition
An amount of paid up insurance purchased with a policy dividend and added
to the face amount of the policy.
16. double indemnity
Payment of twice the policy normal benefit for specific kinds of losses under
certain conditions.
17. dual life insurance
Another name for second-to-die insurance.
18. duplication of coverage
Coverage under two or more policies for the same potential loss.
Amount that must be paid by the insured before benefits will be paid by the
insurer.
2. declination
The rejection by a life insurance company of an application for life insurance,
usually for reasons of health or occupation.
3. deferred annuity
Annuity payments that will begin at some future date.
4. deferred group annuity
A type of group annuity providing for the purchase each year of a paid-up
deferred annuity for each member of the group, the total amount received by
the member at retirement being the sum of these deferred annuities.
5. deposit administration group annuity
A type of group annuity providing for the accumulation of contributions in an
undivided fund out of which annuities are purchased as the members of the
group retire.
6. deposit term insurance
A form of term insurance, not really involving a "deposit," in which the firstyear
premium is larger than subsequent premiums. Typically, a partial
endowment is paid at the end of the term period. In many cases the partial
endowment can be applied toward the purchase of a new term policy or,
perhaps, a whole life policy.
7. diagnosis-related groups (DRG)
System of determining reimbursement fees based on the medical diagnosis of
a patient.
8. disability
Physical or mental condition that prevents a person from performing one or
more occupational duties temporarily (short-term), long-term, or totally (total
disability).
9. disability benefit
A feature added to some life insurance policies providing for waiver of
premium, and sometimes payment of monthly income, if the policyholder
becomes totally and permanently disabled.
10. disability income insurance
Insurance that provides periodic payments when an insured person is unable
to work as a result of illness or injury.
11. disability insurance
A form of health insurance that pays the policyholder in place of his or her
usual income if the policyholder can't work because of illness or accident.
Usually, policies begin paying after a waiting period stipulated in the policy,
and pay a certain percentage of the policyholder's usual income. Sometimes
this is provided by employers, but it's also available as a separate coverage.
12. dismemberment
Accidental loss of limb or sight.
13. disposable personal income
Personal income less personal tax and nontax payments; the income available
to people for spending and saving.
14. dividend
An amount of money returned to the holder of a participating policy. The
money is a partial refund of the premium paid. It results from actual
mortality, interest and expenses that were more favorable than expected
when the premiums were set.
15. dividend addition
An amount of paid up insurance purchased with a policy dividend and added
to the face amount of the policy.
16. double indemnity
Payment of twice the policy normal benefit for specific kinds of losses under
certain conditions.
17. dual life insurance
Another name for second-to-die insurance.
18. duplication of coverage
Coverage under two or more policies for the same potential loss.
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