A provision in an insurance contract, stating that the entire agreement between the insured and the insurer is contained in the contract, including the application if it is attached, declarations, insuring agreements, exclusions, conditions and endorsements.

The first page of a Life Insurance policy.

A group annuity providing for the accumulation of contributions in an undivided fund, out of which annuities are purchased for each covered person in the group when he retires.

A buy-sell agreement usually used with a partnership, in which the partnership agrees to purchase the interest of a deceased or disabled partner.

A contract provision found in Industrial Life policies, which permits the insurer to pay a portion of the proceeds of the policy to any relative or person who has possession of the policy, and who appears equitably entitled to such payment. This provision is designed to facilitate payment when some doubt may exist as to who the beneficiary is, and to save legal expenses in the settling of an estate.

The benefit payable under a Disability Income policy, or a provision of some other policy such as a Life Insurance contract.

The statement of information needed for the underwriting of an insurance policy.

A policy that pays an income to the beneficiary, up to some future date designated in the policy, after the death of the insured. The period of payment is measured from the date of the inception of the contract, and at the end of the income period the face amount of the policy is paid to the beneficiary. If the insured lives beyond the income period, only the face amount is payable in the event of his death.

A pension paid to a disabled worker prior to the time of normal retirement. (LI)

The medical examination of an applicant for Life or Health insurance.