insurancehelp.ca

Website:http://www.insurancehelp.ca
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Definitions (58)

1

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Accidental death benefit


Provides a benefit in the case of accidental death in addition to base amount of coverage.
Source: insurancehelp.ca

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Agent


The insurance company (Canada Protection Plan) representative and adviser who sells insurance policies to consumers.
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Anniversary Year


Any 1-year period from the anniversary of when a policy was issued.
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Annual premium


A yearly policy fee payable by a policyholder.
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Annuity


A contract that provides income payments at regular intervals, usually for a specified period or for the lifetime of the annuitant.
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Annuity period


The time between each payment under an annuity, usually 1 month or 1 year.
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APPLICANT


The individual or party applying for an insurance policy.
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Beneficiary


The person designated to receive proceeds of an insurance policy.
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benefit


A payment or option available under the terms of an insurance policy.
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cash surrender value


A benefit that allows a policyholder to cancel the policy and receive an amount of money.
Source: insurancehelp.ca


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