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January 07, 2009  
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Portland Insurance Terms


  > Beneficiary
The person you designate to be paid a death benefit when you die. A policy may have one or more beneficiaries.
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  > Industrial Life
The same as debit policy. In Force: A policy is “in force” when all conditions have been met to establish or maintain the company’s obligation to pay if you die.
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  > Irrevocable Assignment
Permanently signing over your policy rights to someone else.
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Did You Know?    
 
 
Productive life shortened because of mental illiness
Mental disorders are the leading cause of disability (lost years of productive life) in the North America, Europe and, increasingly, in the world. By 2020, Major Depressive illness will be the leading cause of disability in the world for women and children.
 

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Mar 02, 2007 - Medical Savings Account For Small Business
You are eligible for a Medical Savings Account, or MSA, if you work for a business with 50 or less employees and have high...
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Mar 02, 2007 - Insurance Coverage For Mental Health And Substance Abuse
Insurance coverage for mental health (MH) and substance abuse (SA) benefits differs among plans, employers, and States. St...
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