Printer Friendly
The Free Dictionary
967,931,569 visitors served.
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

Guaranteed insurability

    0.04 sec.
Guaranteed insurability
A life and health insurance policy feature that enables the insured to add coverage at future times and at fixed and agreed-upon rates regardless of health conditions.

?Page tools
Printer friendly
Cite / link
Email
Feedback
Add definition
? Mentioned in ? References in periodicals archive
No references found
 
With initial premium levels a major concern to a successful group long-term-care insurance enrollment, many group long-term-care insurance plans de-emphasize compound COLA and instead offer a pay-as-you-go guaranteed insurability buy-up option.
This rider, the guaranteed insurability option or GIO, which is available in most states, enables the policyowner to increase coverage up to two times the original face amount to a maximum of $500,000.
It also provides supplemental products, such as guaranteed insurability, waiver of premium, accidental death benefit, and dependent children insurance, all of which can be attached to its life insurance products.
 
Financial browser? ? Full browser
 
 
Financial Dictionary
?

Disclaimer | Privacy policy | Feedback | Copyright © 2008 Farlex, Inc.
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional. Terms of Use.