a document that provides information for underwriting purposes. After the policy is issued, any unanswered question is considered waived by the insurer. The application becomes part of the entire contract.
a person’s age at any point or time (age at policy issue, renewal or conversion).
the date when insurance coverage begins (may also be known as inception date).
a form changing the provisions and attached to a policy
the death or maturity benefit payable to a beneficiary or policyowner from a life policy. Sometimes referred to as a limit of liability.
the ability of an individual to meet an insurer’s underwriting requirements