New York Life, Accident And Health Insurance Exam 200 Questions And Answers
1 / 10
Terms in this set
200
Accelerated Benefits
Riders attached to life insurance policies allowing death benefits to cover nursing or convalescent home expenses.
Accident
An unplanned, unforeseen event that occurs suddenly and at an unspecified place. Accident Insurance - a type of insurance that protects the insured against loss due to accidental bodily injury.
Accidental Bodily Injury
Unplanned, unforeseen traumatic injury to the body.
Accidental Death and Dismemberment (AD&D)
An insurance policy that pays a specified amount or multiple of the insured's benefit if the insured dies, loses sight, or loses two limbs due to an accident.
Accidental Death Benefits
A policy rider analyzing the cause of death to determine compliance with the policy description of accidental death.
Accidental Death Insurance
An insurance policy providing payment if the insured's death results from an accident.
Accumulation Period
The time during which the annuitant makes payments or investments in an annuity, earning interest tax deferred.
Acquired Immunodeficiency Syndrome (AIDS)
An infectious and incurable disease caused by the human immunodeficiency virus (HIV).
Activities of Daily Living (ADLs)
Activities individuals must do daily, such as moving about, getting dressed, eating, bathing, etc.
Actual Cash Value (ACV)
The amount required to pay damages or for property loss, calculated based on the property's current replacement value minus depreciation.