A lapse in insurance occurs when a policyholder fails to pay premiums, leading to the termination of coverage. This can…
Health/Medical Claims Examiners review medical claims for accuracy, completeness, and compliance with policies. They determine payment eligibility and investigate potential…
An annuity is a contract with an insurance company, providing a stream of income payments over a specified period. It's…
A whole-of-life insurance policy provides coverage for the entire duration of the insured's life, guaranteeing a death benefit. It also…
An insurance underwriter assesses risks and determines whether to accept or reject applications for insurance policies. They evaluate potential policyholders…
Term assurance provides life cover for a fixed period. If the insured dies within this term, a lump sum is…
Lloyd's of London is a unique insurance market, not a company. It's a marketplace where specialist underwriters accept risk on…
Income protection insurance provides a regular income if you're unable to work due to illness or injury. It's a vital…
A guaranteed annuity rate secures a future interest rate for your annuity, protecting it from market fluctuations. This ensures a…
An endowment policy is a life insurance contract that pays out a sum of money upon the earlier of a…