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Term |
Definition |
Declaration Page (Dec Sheet) |
The portion of an insurance policy containing a summary of the coverage and limits of insurance provided. |
Decreasing Term Policy |
A term policy outlining a decrease in benefits in accordance with a schedule. |
Deductible |
A provision or clause in an insurance policy that the first given number of dollars or percentage of expenses shall be paid by the policyholder before the insurance coverage kicks in. |
Deferred Annuity |
An annuity that pays income benefits at a designated future date, as opposed to an "immediate annuity," which pays benefits at once. |
Depreciation |
Depreciation is the loss in value from all causes, including age, wear and tear. |
