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Term |
Definition |
| Declaration Page (Dec Sheet) | The portion of an insurance policy containing a summary of the coverage and limits of insurance provided. |
| Decreasing Term Policy | A term policy outlining a decrease in benefits in accordance with a schedule. |
| Deductible | A provision or clause in an insurance policy that the first given number of dollars or percentage of expenses shall be paid by the policyholder before the insurance coverage kicks in. |
| Deferred Annuity | An annuity that pays income benefits at a designated future date, as opposed to an "immediate annuity," which pays benefits at once. |
| Depreciation | is the loss in value from all causes, including age, wear and tear. |
