• 1Sevafrica
    Empowering you intellectually, economically and spiritually
  • 2Sevafrica
    Free Business Training
  • 3Sevafrica
    eCareers Recruitment
  • 4Sevafrica
    News & gossip at your fingertips
  • 5Sevafrica
    Building Careers through education
  • 6Sevafrica
    Your guide to travel & entertainment
  • 7Sevafrica
    All the latest fashions trends
  • 8Sevafrica
    Everything you need to know about sex, love & life
  • 9Sevafrica
    Experience South Africa's finest beaches this 2010
  • 10Sevafrica
    For all the best buys online
  • 11Sevafrica
    Keeping you body, mind and spirit healthy
  • 12Sevafrica
    Technology at work
  • 13Sevafrica
    The latest beauty tips from the professionals
Open in new window
insurance Terms You Must Know
insurance Terms You Must Know

 Are you caught up in understanding all the terminology from your insurance broker, but finding all the jargon quite overwhelming and confusing.

Then maybe here’s where you can start. With a few insurance definitions, this may help you get a gasp on the lingo.

Acceleration Clause - The part of a contract that says when a loan may be declared due and payable.

Accidental Death Benefit - In a life insurance policy, benefit in addition to the death benefit paid to the beneficiary, should death occur due to an accident. There can be certain exclusions as well as time and age limits.

Active Participant - Person whose absence from a planned event would trigger a benefit if the event needs to be canceled or postponed.

Activities of Daily Living - Bathing, preparing and eating meals, moving from room to room, getting into and out of beds or chairs, dressing, using a toilet.

Actual Cash Value - Cost of replacing damaged or destroyed property with comparable new property, minus depreciation and obsolescence. For example, a 10-year-old sofa will not be replaced at current full value because of a decade of depreciation. 

Actuary - A specialist in the mathematics of insurance who calculates rates, reserves, dividends and other statistics. (Americanism: In most other countries the individual is known as "mathematician.")

Read more on .. http://www.ambest.com/resource/glossary.html


Related Articles
2010 Abuse ANC and Anni Apple avatar Bafana Barack Beckham Britain Cape China crime Cup Dewani electricity Eskom facebook FIFA Gaga Google Haiti HIV Jackson John Jub Madiba Malema Manchester Mandela MaNtuli Michael Mugabe Nelson Obama of Oprah Prince Shrien SWC The tickets Tiger Town United Winfrey Woods World Zuma


Copyright © Sevafrica 2008 | All rights reserved. | Privacy Policy | Tel: 0861-4-WOMEN (96636) | Fax: 08666 9 7773 | Email: info@SEVAFRICA.com