MEDICAL,USA,REFERENCE: See: anniversary date.
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The anniversary of the date a policy began. This information is usually listed within the policy’s declarations page.
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The anniversary of the date of issue of a policy as show in the policy declarations.
Tag: MEDICAL
Policy charge
See: policy fee.
Policy filing
Procedure of obtaining legal permission to sell an insurance product within a specific area.
Policy issue
Transmission of an insurance policy to an insured by the insurance company.
Policy loan
Amount of money (cash surrender value) that the policy owner of a life insurance policy may borrow at interest from the insurer.
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UK: a loan made by a life insurer to a policyholder on the security of the surrender value of the policy.
Policy number
Identification number that is given to a group insurance contract. It contains the account number of the policy together with the policy code number.
Policy owner / policyholder
See: enrollee.
Policy owner dividend
See: dividend.
Policy owner service department
See: customer service department.
Policy owner’s equity
See: cash value.