Health Insurance Glossary
Selected Health Insurance Terms
Summary: In recent years, the health insurance industry has seen dramatic change in both the services it offers to insured persons and the manner in which it delivers those services. Industry experts predict even more changes will occur in the next few years. The following glossary of health insurance terms is intended to assist the agent in developing an understanding of the health insurance industry.
Accelerated Death Benefit—a benefit offered as part of a life insurance policy which pays a portion of the policy’s death benefit before death to an insured person who has been diagnosed as terminally ill.
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