Ideal Settlements is a life settlement company providing services throughout the United States. If you are currently searching for a life settlement or viatical settlement contact Ideal today.
Accelerated Benefits Provision - ABP is used for policyholders that have become terminally ill or injured. ABP is a life insurance rider that allows the policy holder to pay early on a portion of the face value amount.
Accidental Death and Dismemberment – Insurance that providing payment in the insured’s death results from an accident or if the insured accidentally severs a limb above the wrist or ankle joints or totally and irreversibly loses his or her eyesight.
Accident Death Benefit Rider – A life insurance policy rider that provides additional benefits to the beneficiary if death occurs resulting from an accident.
Actuary – A professional that works for an insurance company that is an expert in mathematics and life insurance. They are involved the calculations of premiums, dividends, insurance, pension, and annuity rates, using risk factors.
Adhesion – Buyers must adhere to the terms and agreement of the contract. Adhesion eliminates a policyholder from negotiating terms, rates, and values of an insurance policy.
Adjustable Life Insurance – Features of both term and whole life coverage.
Agent – Anyone not licensed to broker life and viatical settlements but solicits business. Agents typically work directly with a life insurance brokers.
Annually Renewable Term (ART) – A form of term insurance which allows the policyholder to renew his or her coverage each year, without evidence of insurability.
Annuitant – A person whom is receiving continuance payments.
Annuity – A contract between a payer and payee that provides a sum payable over a certain period of time.
Any Occupation - An insured will be considered disabled and unable to work in any occupation for which he/she is qualified by education, training, or experience, in order for disability income benefits to be payable.
Assignee – Person or entity that assumes the rights under a life insurance policy are transferred by means of an assignment.
Assignment – Signed transfer of benefits of a policy by the policyholder to another person or entity.
Attained Age - The current insurance age of the insured.
Authorized Companies – Authorized to handle transactions within a specific state.