Certificate of Authority
4 years
Common Disaster
Under the Uniform Simultaneous Death Law, Common Disaster provision, the law will assume that the primary beneficiary dies first in a common disaster as long as the beneficiary dies within this specified period of time following the death
40
The term "fully insured" refers to someone who has earned 40 quarters of coverage (10 years of work times 4 maximum annual credits).
3
Increasing Term
The Return of Premium Rider is achieved by using increasing term insurance. When added to a whole life policy it provides that at death prior to a given age, not only is the original face amount payable, but also all premiums previously pa
36 months
6 credits.
To be considered partially insured, an individual must have earned 6 credits during the last 13-quarter period.
Joint and Survivor
Consideration
Increasing Term
The Return of Premium Rider is achieved by using increasing term insurance. When added to a whole life policy it provides that at death prior to a given age, not only is the original face amount payable, but also all premiums previously pa
Policyowner
Only the policyowner has the ownership rights under the policy, and not the insured or the beneficiary.