A claim deductible. An amount or percentage specified in the policy which must be exceeded before claims are payable.
A claim deductible. An amount or percentage specified in the policy which must be exceeded before claims are payable.
An extra benefit which generally equals the face of the contract or principal sum, payable in addition to other benefits in the event of death as the result of an accident. See also Double Indemnity and Multiple Indemnity.


