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GLOSSARY

 GLOSSARY TERMS by Alpha
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Daily
Data processing insurance
Date of Issue
Death benefit
Declarations page
Decreasing Term Insurance
Deductible
Demolition insurance
Deposit premium
Depreciation
Double indemnity
Dual life insurance

Deposit premium

When the price of insurance is tied to fluctuating values or costs that cannot be known until the end of the policy period, inventory or payroll are two common examples, a deposit or provisional premium or estimated premium may be charged at the outset of a policy with final adjustment to come at the end of the term.

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