1. face amount
The amount stated on the face of the insurance policy that will be paid in case
of death or at maturity. It does not include dividend additions or additional
amounts payable under accidental death or other special provisions.
2. family policy
A life insurance policy providing insurance on all or several family members in
one contract, generally whole life insurance on the principal breadwinner and
small amounts of term insurance on the other spouse and children, including
those born after the policy is issued.
3. flat schedule
A type of group insurance schedule under which everyone is insured for the
same benefits regardless of salary, position, or other circumstances.
4. flexible premium deferred annuity
An annuity contract that permits varying premium payments from year to
year and is often used for individual retirement accounts.
5. flexible premium policy or annuity
A life insurance policy or annuity under which the policyholder or contract
holder may vary the amounts or timing of premium payments.
6. flexible premium variable life insurance
A life insurance policy that combines the premium flexibility feature of
universal life insurance with the equity-based benefit feature of variable life
insurance.
7. flood insurance
A regular homeowner’s policy will not pay for damages caused by flooding. In
order to get the coverage, you’ll have to go to some outfit that writes for the
National Flood Insurance Program. Outside of fire, flooding is the most
widespread natural disaster. If your community participates in NFIP’s
floodplain management program, you should be eligible to buy the coverage.
The only people who may have trouble finding flood coverage are residents of
"coastal barrier resource system" areas and communities that do not
participate in NFIP’s programs. Flood insurance is also available to renters,
condominium owners, and co-op owners.
8. franchise insurance
Insurance contracts issued to members of a specific group (such as
employees of a common employer or members of an association) under a
group-like arrangement in which the employer or the association collects and
remits premiums.
9. fraternal life insurance
Life insurance provided by fraternal orders or societies to their members.
The amount stated on the face of the insurance policy that will be paid in case
of death or at maturity. It does not include dividend additions or additional
amounts payable under accidental death or other special provisions.
2. family policy
A life insurance policy providing insurance on all or several family members in
one contract, generally whole life insurance on the principal breadwinner and
small amounts of term insurance on the other spouse and children, including
those born after the policy is issued.
3. flat schedule
A type of group insurance schedule under which everyone is insured for the
same benefits regardless of salary, position, or other circumstances.
4. flexible premium deferred annuity
An annuity contract that permits varying premium payments from year to
year and is often used for individual retirement accounts.
5. flexible premium policy or annuity
A life insurance policy or annuity under which the policyholder or contract
holder may vary the amounts or timing of premium payments.
6. flexible premium variable life insurance
A life insurance policy that combines the premium flexibility feature of
universal life insurance with the equity-based benefit feature of variable life
insurance.
7. flood insurance
A regular homeowner’s policy will not pay for damages caused by flooding. In
order to get the coverage, you’ll have to go to some outfit that writes for the
National Flood Insurance Program. Outside of fire, flooding is the most
widespread natural disaster. If your community participates in NFIP’s
floodplain management program, you should be eligible to buy the coverage.
The only people who may have trouble finding flood coverage are residents of
"coastal barrier resource system" areas and communities that do not
participate in NFIP’s programs. Flood insurance is also available to renters,
condominium owners, and co-op owners.
8. franchise insurance
Insurance contracts issued to members of a specific group (such as
employees of a common employer or members of an association) under a
group-like arrangement in which the employer or the association collects and
remits premiums.
9. fraternal life insurance
Life insurance provided by fraternal orders or societies to their members.
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