March 24, 2006
Accelerated Benefit Provision
If the insured becomes terminally ill or is confined to a long-term care facility it allows for early payment of some portion of the death benefit from their Life Insurance policy.
Filed under Money Glossary by Tracy Phaup
March 15, 2006
Policy Owner Rights
Mandatory provisions give the Policy Owner of a Life Insurance policy control over premiums, face value, loans, and policy plans.
Filed under Money Glossary by Tracy Phaup
