D
DEATH BENEFIT
The amount of money paid or due to be paid when a person insured under a life insurance policy dies. This amount
may not include adjustments for outstanding policy loans, dividends, paid-up
additions or late premium payments.
DRAFT DATE
The pre-authorized checking withdrawals are set up to draft on a certain day.
That day is often informally referred to as the draft date. It is not always the
premium payment due date.
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