Mississippi Life and Health
Insurance 2026 Expert Verifed
Ace the Text
Absolute assignment - ANSWER ✔✔Policy assignment under which
the assignee (person to whom the policy is assigned)
receives full control over the policy and also full rights to its benefits.
Generally, when a policy is assigned to secure
a debt, the owner retains all rights in the policy in excess of the debt,
even though the assignment is absolute in
form. (See assignment)
,Accelerated benefits rider - ANSWER ✔✔A life insurance rider that
allows for the early payment of some portion of the
policies face amount should the insured suffers from a terminal i l l n e s
s or injury.
Acceptance - ANSWER ✔✔(See offer and acceptance)
Accidental bodily injury provision - ANSWER ✔✔Disability income or
accident policy provision that requires that the injury
be accidental in order for benefits to be payable.
Accidental death and dismemberment (AD&D) - ANSWER
✔✔Insurance providing payment if the insured's death results
from an accident, if the insured accidentally severs a limb above the
wrist or ankle joints, or totally and irreversibly
Accidental death benefit rider - ANSWER ✔✔A life insurance policy
rider providing for payment of an additional benefit
when death occurs by accidental means.
Accidental dismemberment - ANSWER ✔✔Often defined as "the
severance of limbs at or above the wrists or ankle
,joints, or the entire irrevocable loss of sight." Loss of use in itself may or
not be considered dismemberment.
Accidental means provision - ANSWER ✔✔Unforeseen, unexpected,
unintended cause of an accident. Requirement of an
accident-based policy that the cause of the mishap must be accidental
for any claim to be payable.
Accident and health insurance - ANSWER ✔✔Under which benefits
are payable in case of disease, accidental injury, or
accidental death. Also called health insurance, personal health
insurance, and sickness and accident insurance.
Accumulation unit - ANSWER ✔✔Premiums an annuitant pays into
annuities are credited as accumulation units. At the end of
the accumulation period, accumulation units are converted to annuity
units.
Acquired immune deficiency syndrome (AIDS) - ANSWER ✔✔A life-
threatening condition brought on by the human
immunodeficiency virus; insurers must adhere to strict underwriting and
claims guidelines in regard to AIDS risks
and AIDS-related conditions.
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2026. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
3
, Acute illness - ANSWER ✔✔A serious condition, such as pneumonia,
from which the body can fully recover with proper
medical attention.
Adhesion - ANSWER ✔✔A life insurance policy is a contract of
adhesion because buyers must adhere to the terms of the
contract already in existence. They have no opportunity to negotiate
terms, rates, values, and so on.
Adjustable life insurance - ANSWER ✔✔Combines features of both
term and whole life coverage with the length of coverage
and amount of accumulated cash value as the adjustable factors.
Premiums may be increased or decreased to fit the
specific needs. Such adjustments are not retroactive and apply only to
the future.
Administrative-services-only (ASO) Plan - ANSWER ✔✔Arrangement
under which an insurance company or an
independent organization, for a fee, handles the administration of claims,
benefits, and other administrative
functionsfor a self-insured group.
Insurance 2026 Expert Verifed
Ace the Text
Absolute assignment - ANSWER ✔✔Policy assignment under which
the assignee (person to whom the policy is assigned)
receives full control over the policy and also full rights to its benefits.
Generally, when a policy is assigned to secure
a debt, the owner retains all rights in the policy in excess of the debt,
even though the assignment is absolute in
form. (See assignment)
,Accelerated benefits rider - ANSWER ✔✔A life insurance rider that
allows for the early payment of some portion of the
policies face amount should the insured suffers from a terminal i l l n e s
s or injury.
Acceptance - ANSWER ✔✔(See offer and acceptance)
Accidental bodily injury provision - ANSWER ✔✔Disability income or
accident policy provision that requires that the injury
be accidental in order for benefits to be payable.
Accidental death and dismemberment (AD&D) - ANSWER
✔✔Insurance providing payment if the insured's death results
from an accident, if the insured accidentally severs a limb above the
wrist or ankle joints, or totally and irreversibly
Accidental death benefit rider - ANSWER ✔✔A life insurance policy
rider providing for payment of an additional benefit
when death occurs by accidental means.
Accidental dismemberment - ANSWER ✔✔Often defined as "the
severance of limbs at or above the wrists or ankle
,joints, or the entire irrevocable loss of sight." Loss of use in itself may or
not be considered dismemberment.
Accidental means provision - ANSWER ✔✔Unforeseen, unexpected,
unintended cause of an accident. Requirement of an
accident-based policy that the cause of the mishap must be accidental
for any claim to be payable.
Accident and health insurance - ANSWER ✔✔Under which benefits
are payable in case of disease, accidental injury, or
accidental death. Also called health insurance, personal health
insurance, and sickness and accident insurance.
Accumulation unit - ANSWER ✔✔Premiums an annuitant pays into
annuities are credited as accumulation units. At the end of
the accumulation period, accumulation units are converted to annuity
units.
Acquired immune deficiency syndrome (AIDS) - ANSWER ✔✔A life-
threatening condition brought on by the human
immunodeficiency virus; insurers must adhere to strict underwriting and
claims guidelines in regard to AIDS risks
and AIDS-related conditions.
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2026. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
3
, Acute illness - ANSWER ✔✔A serious condition, such as pneumonia,
from which the body can fully recover with proper
medical attention.
Adhesion - ANSWER ✔✔A life insurance policy is a contract of
adhesion because buyers must adhere to the terms of the
contract already in existence. They have no opportunity to negotiate
terms, rates, values, and so on.
Adjustable life insurance - ANSWER ✔✔Combines features of both
term and whole life coverage with the length of coverage
and amount of accumulated cash value as the adjustable factors.
Premiums may be increased or decreased to fit the
specific needs. Such adjustments are not retroactive and apply only to
the future.
Administrative-services-only (ASO) Plan - ANSWER ✔✔Arrangement
under which an insurance company or an
independent organization, for a fee, handles the administration of claims,
benefits, and other administrative
functionsfor a self-insured group.
