Term
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Definition
| Agreement waiving the company's liability for a certain type or types of risk ordinarily covered in the policy. |
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Term
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Definition
| Rider or provision included in most life insurance policies and some health insurance policies exempting the insured from paying premiums after the insured has been disabled for a specified period of time, usually six months in life policies and 90 days or six months in health policies. |
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Term
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Definition
| Relieves the insurer of liability, or reduces its liability, for specified loss caused by war. |
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Term
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Definition
| Statements made on an application for insurance that are warranted to be true. |
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Term
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Definition
| Permanent level insurance protection for the "whole of life," from policy issue to the death of the insured. |
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Term
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Definition
| Benefits paid workers for injury, disability, or disease contracted in the course of their employment. |
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