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GLOSSARY

 GLOSSARY TERMS by Alpha
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OASDI
Occupational hazard
Occupational Safety and Health Act (OSHA)
Occurrence
Off premises cover
Offer and Acceptance
Open perils
Original age
Other insurance
Other insured rider
Ownership
Ownership of expirations

Ownership

The rights, benefits, and priveleges covered by a life insurance policy are ultimately controlled by the policy owner, who may or may not be the insured individual. Policy ownership can be assigned or transferred.

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