A demand made by the insured, or the insured's beneficiary, for payment of the benefits provided by the contract. Premium.
The price of insurance protection for a specified risk for a specified period of time. Chronic condition.
Prolonged or long-term conditions that can be managed but rarely cured Pre existing condition.
Conditions that had shown signs or symptoms, and/or been diagnosed and treated, before the insurance policy had taken effect. Disability.
A condition that curtails to some degree a person's ability to carry on his normal pursuits. A disability may be partial or total, and temporary or permanent Hazard.
A specific situation that increases the probability of the occurrence of injury, illness or death.