Tag: insured

What is CMHC and what do they do The Canadian Mortgage and Housing Corporation (CMHC) is a Canadian Crown corporation that provides mortgage loan insurance,...

Valued Policy Law (VPL) What is 'Valued Policy Law - VPL' A statute that requires insurance companies to pay the full value...

What is 'Vanishing Premium Policy' A vanishing premium policy is a form of participating whole life insurance where the policyholder can use...

What is Variable Survivorship Life Insurance Variable survivorship life insurance is a type of permanent life insurance that pays a death benefit to the surviving...

What is 'Vandalism And Malicious Mischief Insurance' A type of insurance coverage that protects against losses sustained as a result of vandals....

What is 'Valued Marine Policy' A type of insurance coverage that places a specific value on the insured property, such as the...

What is 'Family Income Rider' An addition to a life insurance policy that provides the beneficiary with an amount of money equal...

What is 'Federal Deposit Insurance Corporation Improvement Act - FDICIA' Passed in 1991 at the height of the Savings and Loan Crisis...

What is a waiver of premium rider A waiver of premium rider is an insurance rider that waives the policyholder's obligation to pay premiums if...

Waiver Of Coinsurance Clause What is 'Waiver Of Coinsurance Clause ' Language in an insurance policy that says the insurance company...