Texas Life and Health Insurance Vocab 100% SOLVED

Texas Life and Health Insurance Vocab 100% SOLVED accelerated benefits - ANSWERriders attached to life insurance policies which allow death benefits to be used to cover nursing or convalescent home expenses accident - ANSWERan unplanned, unforeseen event which occurs suddenly and at an unspecified place accident insurance - ANSWERtype of insurance that protects the insured against loss due to accidental bodily injury accidental bodily injury - ANSWERunplanned unforeseen traumatic injury to the body accidental death and dismemberment - ANSWERan insurance policy which pays a specified amount or a specified multiple of the insureds benefit it the insured dies, loses sight, loses two limbs due to an accident accidental death benefits - ANSWERa policy rider that states that the cause of death will be analyzed to determine if it complies with the policy description of accidental death accidental death insurance - ANSWERan insurance policy that provides payment if the insured's death is the result of an accident accumulation period - ANSWERthe time over which the annuitant makes payments or investments in an annuity and when those payments earn interest tax deferred activities of daily living (ADls) - ANSWERactivities individuals must do every day such as moving about, getting dressed, eating, bathing, etc. actual cash value (ACV) - ANSWERthe required amount to pay damages or for property loss, which is calculated based on the property's current replacement value minus depreciation