Insurance Term - A

1. Accelerated Death Benefits: It is a benefit provided to life insurance owners where they can receive a significant portion (say 80%) of the death benefits in advance of the insured's death. This can pay for medical bills, or nursing home costs and other commitments so that others are not left with this responsibility.
2. Accident and Health Insurance: Coverage for accidental injury, accidental death and to bear the associated health expenses. The insured might be rewarded with limited benefits in the form of preventative services, medical expenses, and catastrophic care.
3. Accrual Taxation: A form of federal income taxation wherein a person who holds a life insurance policy gets taxed periodically on certain parts of the cash value accumulation of his policy.
4. Actual Cash Value: A common method by which the amount for reimbursement for a loss is determined. It is the cost of replacing an item after loss minus the depreciation value.
5. Auto insurance score: Similar to credit score there is an auto insurance score. A number used by auto insurance companies to determine how much premium you must pay. It is based generally on your driving record and also your credit score. Other important factors that influence the auto insurance costs are age, marital status, the type of car you use and whether you reside in a rural or urban society.