Sentences with phrase «disability policy illustration»
A disability policy illustration will also show the waiting period before benefits become payable and describe the conditions that must be met for the policy to pay out.
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Sales or policy illustrations are used with products such as whole life insurance, universal life insurance, variable universal life insurance and long - term disability insurance.
A policy or sales illustration is an educational tool that shows a prospective or new insurance policyholder how a life or disability insurance policy works.