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Insurance coverage similar to SGLI is replicated by a few other private organizations. These include the Military Benefit Association (MBA), the United Services Automobile Association (), the Army and Air Force Mutual Aid Association (AAFMAA), the Uniformed Services Benefit Association (USBA), the Armed Services Mutual Benefit Association (ASMBA), and the Navy Mutual Aid Association (NMAA).
The post-mortem interval (PMI) is the time that has elapsed since an individual's death. [1] When the time of death is not known, the interval may be estimated, and so an approximate time of death established.
Protection and indemnity insurance, more commonly known as P&I insurance, is a form of mutual maritime insurance provided by a P&I club. [1] Whereas a marine insurance company provides "hull and machinery" cover for shipowners, and cargo cover for cargo owners, a P&I club provides cover for open-ended risks that traditional insurers are reluctant to insure.
Key takeaways. Not to be confused with private mortgage insurance (PMI), mortgage protection insurance (MPI) helps cover your mortgage payment if you die or become disabled and can't work.
Accidental death policy exclusions. Some life insurance policies, known as accidental death policies, only provide coverage for the insured if they die due to an accident. Causes of death related ...
Mortgage insurance, also known as private mortgage insurance (PMI), is typically required for borrowers who make a down payment of less than 20 percent when purchasing a home.
Mortgage life insurance is a form of insurance specifically designed to protect a repayment mortgage.If the policyholder were to die while the mortgage life insurance was in force, the policy would pay out a capital sum that will be just sufficient to repay the outstanding mortgage.
Accidental death and dismemberment (AD&D) insurance provides coverage if you lose a limb or your death is the result of an accident. Between AD&D and term life, term life covers more causes of death.