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Home Categories Life Insurance Accidental death and dismemberment (AD&D) insurance is usually added as an add-on to a life insurance policy. An accidental death benefit is paid to the beneficiary of the accident insurance policy. The statistics in the actuarial life table calculate, among other things, the probability of surviving to a certain age. Regulated life insurance allows policyholders to make adjustments to their cash value, premiums and death benefits. Allocation expenses (ALAE) are expenses related to a specific insured event. Automatic premium loans allow you to apply the cash value of a permanent life insurance policy to past due premium payments. A cash surrender value is the amount of money a life insurance company pays out to a policy or annuity holder if they decide to terminate the plan. Permanent life insurance policies, such as life insurance or universal life insurance, can accumulate monetary value over time. Death benefit is a payment to the recipient of a life insurance policy, an annuity or pension in the event of the death of the insured or the recipient of the annuity. Reducing term insurance provides a death benefit that decreases each year according to a predetermined schedule, whereby premiums also decrease over time.