INSURANCE
ABBREVIATIONS
TOOLS
ROLES
100

he person or entity that has been granted right of ownership or right to the death benefit of a policy.

Assignee

100

ADB

ACCIDENTAL DEATH BENEFIT

100

PRIMARY SYSTEM

PLATINUM

100

A PERSON THAT COVERS IN A POLICY

INSURED

200

A TOOL THAT WE USE TO VERIFY THE CALLER

VERIFICATION TOOL

200

DB

DEATH BENEFIT

200

TO CHECK THE STATS OF THE CLAIM

AWD10

200

A PERSON WHO WILL RECEIVED THE CLAIM 

BENEFICIARY

300

IT IS A WORK THAT THE CLAIM PROCESSOR NEED TO DO IF THE INSURED PASSES AWAY

FND

300

ETI

EXTENDED TERM INSURANCE

300

TO CHECK THE RIDER

MAINFRAME SESSION B

300

THE PERSON REVIEWING THE CLAIM

EXAMINER

400

CLAIM EXAMINER

A PERSON WHOSE RESPONSIBILITIES TO INVESTIGATE THE CLAIM

400

NFO

NON FORFEITURE OPTION

400

TO CHECK ORIGINAL DOCUMENTS

MONLIFE LEGACY

400

A PERSON THATS NOT LISTED ON THE POLICY

3RD PARTY

500

A PERIOD OF TIME DURING AN INSUREER MAY CHALLANGE THE VALIDITY OF A LIFE INSURANCE

CONTESTABLE PERIOD

500

WOP

WAIVER OF PREMIUM

500

TO VERIFY THE AGENT

ASD

500

A PERSON THAT CAN CHANGE ANY POLICY INFORMATION

POLICY OWNER

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