Primerica Glossary with complete verified solutions 2025
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Course
Primerica
Institution
Primerica
accelerated benefit
riders attached to life insurance policies that allow death benefits to be used to cover nursing or convalescent home expenses
accidental death benefit
a policy rider that states that the cause of death will be analyzed to determine if it complies witht the policy descr...
Primerica Glossary with
complete verified solutions
2025
accelerated benefit - answer riders attached to life insurance
policies that allow death benefits to be used to cover nursing or
convalescent home expenses
accidental death benefit - answer a policy rider that states that the
cause of death will be analyzed to determine if it complies witht the
policy description of
accidental death insurance - answer a policy that provides
payment if the insured's death is the result of an accident
accumulation period - answer time before an annuitant's
retirement during which the annuitant is making payments or
investments in an annuity
acquired immunodeficiency syndrome (aids) - answer an infectious
and incurable disease caused by HIV
actual cash value (acv) - answer required amount to pay damages
or for property loss -- this amount is calculated based on the
property's current replacement value minus depreciation
adhesion - answer contract offered on a "take it or leave it" basis
by an insurer, in which the insured's only option is to either accept
or reject the contract
, adjustable life - answer life insurance that permits changes in the
face amount, premium amount, period or protection, and the
duration of the premium payment period
adjuster - answer a representative of an insurance company who
investigates and acts on the behalf of the company to obtain
agreements for the amount of the insurance claim
administrator - answer an individual appointed by a court as a
fiduciary to settle the financial affairs and estate of a deceased
person
admitted (authorized) insurer - answer an insurance company
authorized and licensed to transact business in a particular state
adult day care - answer program for impaired adults that attempts
to meet their health, social, and functional needs in a setting away
from their homes
adverse selection - answer tendency of risk w/ higher probability of
loss to purchase and maintain insurance more often that the risk
who present lower probability
agency - answer an insurance sales office or company
agent - answer an individual who is licensed to sell, negotiate, or
effect insurance contracts on behalf of the insurer
agent appointment - answer authorization of an agent to act for or
represent an insurer
agent's authority - answer special powers granted to an agent by
their agency contract
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