War Clause

Posted on July 20, 2013July 20, 2013

A provision excluding liability of an insurer if a loss is caused by war.

This entry was posted in . Bookmark the permalink.

Post navigation

← Standard Risk

SHIF (Standard Health Insurance Fees) →

Level Death Benefit Option

Under Universal Life insurance, the level death benefit option provides the greater of (1) the face amount of the policy at the time of death, or (2) a stipulated percentage of the accumulation value.