[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-0-en-105":3,"doc-seo-412617-105":59,"doc-detail-412617-en":131},{"code":4,"msg":5,"data":6},0,"success",[7,13,18,23,28,33,38,43,48,51,55],{"id":8,"doc_module":4,"doc_module_name":9,"category_name":10,"show_sort_weight":11,"slug":12},1,"Document","Story & Novel",90,"story-novel",{"id":14,"doc_module":4,"doc_module_name":9,"category_name":15,"show_sort_weight":16,"slug":17},2,"Literature",80,"literature",{"id":19,"doc_module":4,"doc_module_name":9,"category_name":20,"show_sort_weight":21,"slug":22},4,"Exam",70,"exam",{"id":24,"doc_module":4,"doc_module_name":9,"category_name":25,"show_sort_weight":26,"slug":27},5,"Comic",60,"comic",{"id":29,"doc_module":4,"doc_module_name":9,"category_name":30,"show_sort_weight":31,"slug":32},6,"Technology",50,"technology",{"id":34,"doc_module":4,"doc_module_name":9,"category_name":35,"show_sort_weight":36,"slug":37},7,"Healthcare",40,"healthcare",{"id":39,"doc_module":4,"doc_module_name":9,"category_name":40,"show_sort_weight":41,"slug":42},8,"Research & Report",30,"research-report",{"id":44,"doc_module":4,"doc_module_name":9,"category_name":45,"show_sort_weight":46,"slug":47},9,"Religion & Spirituality",20,"religion-spirituality",{"id":46,"doc_module":4,"doc_module_name":9,"category_name":49,"show_sort_weight":46,"slug":50},"World Cup","world-cup",{"id":52,"doc_module":4,"doc_module_name":9,"category_name":53,"show_sort_weight":52,"slug":54},10,"Lifestyle","lifestyle",{"id":56,"doc_module":4,"doc_module_name":9,"category_name":57,"show_sort_weight":24,"slug":58},19,"General","general",{"code":4,"msg":60,"data":61},"ok",{"site_id":62,"language":63,"slug":64,"title":65,"keywords":66,"description":67,"schema_data":68,"social_meta":124,"head_meta":126,"extra_data":128,"updated_unix":130},105,"en","life-insurance-terms-absolute-assignment","Life Insurance Terms - Absolute Assignment","","Alphabetical reference covering life insurance terminology, defining contract concepts and optional benefits in plain language. Entries explain ownership transfer, accelerated payouts, endowment conversion mechanics, accidental death and dismemberment coverage, cash accumulation and surrender value effects, premium flexibility, age-related rating dates, and key beneficiary provisions. It also clarifies annuity structures such as annual payment purchase terms and settlement options like lump-sum refunds.",{"@graph":69,"@context":123},[70,84,106],{"@type":71,"itemListElement":72},"BreadcrumbList",[73,77,79,82],{"item":74,"name":75,"@type":76,"position":8},"https://docshare.wps.com","Home","ListItem",{"item":78,"name":9,"@type":76,"position":14},"https://docshare.wps.com/document/",{"item":80,"name":35,"@type":76,"position":81},"https://docshare.wps.com/document/healthcare/",3,{"item":83,"name":65,"@type":76,"position":19},"https://docshare.wps.com/document/life-insurance-terms-absolute-assignment/412617/",{"url":83,"name":65,"@type":85,"image":86,"author":91,"headline":65,"publisher":94,"fileFormat":97,"inLanguage":63,"description":67,"dateModified":98,"datePublished":99,"encodingFormat":97,"isAccessibleForFree":100,"interactionStatistic":101},"DigitalDocument",{"url":87,"@type":88,"width":89,"height":90},"https://docshare.wps.com/thumbnails/life-insurance-terms-absolute-assignment/412617.png","ImageObject",300,407,{"name":92,"@type":93},"Jake","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-11-05","2026-09-28",true,{"@type":102,"interactionType":103,"userInteractionCount":105},"InteractionCounter",{"@type":104},"ViewAction",11,{"@type":107,"mainEntity":108},"FAQPage",[109,115,119],{"name":110,"@type":111,"acceptedAnswer":112},"What does “Absolute Assignment” mean in a life insurance policy?","Question",{"text":113,"@type":114},"It is the irrevocable transfer of ownership of a life insurance policy from one person to another.","Answer",{"name":116,"@type":111,"acceptedAnswer":117},"How do “Accelerated Benefits” work?",{"text":118,"@type":114},"They allow the policyholder to receive benefits before death, typically for terminal illness or long-term care needs.",{"name":120,"@type":111,"acceptedAnswer":121},"What is “Cash Value (Also Surrender Value)” and how can it affect the policy?",{"text":122,"@type":114},"It is the amount available in cash for loans and/or withdrawals; accessing it may reduce the death benefit and increase the risk of lapse.","https://schema.org",{"og:url":83,"og:type":125,"og:title":65,"og:site_name":95,"og:description":67},"article",{"robots":127,"canonical":83},"index,follow",{"doc_id":129,"site_id":62},412617,1790672716,{"code":4,"msg":5,"data":132},{"doc_id":129,"user_id":133,"nickname":92,"user_avatar":134,"doc_module":4,"category_id":34,"category_name":35,"doc_title":65,"doc_description":67,"doc_content":135,"file_id":136,"file_url":137,"file_type":138,"file_size":139,"view_count":105,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":34,"language":140,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":66,"faqs":141,"seo_title":142,"seo_description":67,"update_tm":143,"read_time":144,"preview_page_count":4},962084928904,"https://ap-avatar.wpscdn.com/davatar_155a257f0dc6eb9ab79c44ca47cae57d","Life Insurance Terms  \nAbsolute Assignment: The irrevocable transfer of ownership of a life insurance policy from one person to another.  \nAccelerated Benefits: Allows for the policyholder to receive their benefits before death, usually in cases of terminal illness or need for long-term care.  \nAccelerated Endowment: A dividend option allowing dividend accumulations to be applied to convert a life insurance policy into an endowment, or to shorten the endowment term.  \nAccelerative Endowment: An option to use policy dividends to mature a policy as an endowment before the regular maturity date.  \nAccidental Death and Dismemberment Insurance: Insurance policy that provides payment if the insured's death is the result of an accident, or if the insured accidentally severs a limb above the wrist or ankle joints, or totally and irreversibly loses his or her eyesight.  \nAccumulation Value: Describes the total of all premiums paid and interest credited to the Universal life account before deductions for any expenses, loans or surrenders.  \nAccumulations (or Accumulation Benefits): Percentage additions to policy benefits when the contract is continuously renewed.  \nAD&D: See Accidental Death and Dismemberment Insurance  \nAdjustable Life Insurance: A form of life insurance which allows changes on a policy's face amount, the amount of premium, period of protection, and the length of the premium payment period. Also known as Flexible Premium Adjustable Life Insurance Policy.  \nAdjustable Premium: The right of an insurer to change the premium rate at the time of policy renewal.  \nAge: Your current age, which is a determining factor for premium rates.  \nAge Change: The date on which a person's age changes, for insurance purposes. For life insurance, this is the date midway between the insured's natural birth dates. Health insurers frequently use the age of the previous birth date for rate determinations. On the date of age change, a person's age may change to that of the last birth date, the nearer birth date, or the next birth date, depending on the structure used by the insurer.  \nAmount At Risk: The difference between the Face Value of a Whole Life Insurance contract and the cash value which it has built up. It is the amount the insurer would have to draw from its own funds rather than the policy reserve were the contract to become a death claim.  \nAnnual Payment Annuity: An annuity purchased by the payment of annual premiums for a specified period of time.  \nAssignment: The transfer of ownership of a life insurance policy from one person to another. Also referes to the document that effects the transfer.  \nAssociation Group Insurance: Group insurance issued to an association rather than to an employer or a union.  \nAttained Age: The age an insured has reached on a given date.  \nAutomatic Premium Loan: A provision authorizing the insurer to use the loan value to pay any premiums still due at the end of the grace period.  \nAutopsy: The post-mortem medical examination to determine cause of death.  \nAviation Accident Insurance: Protects individuals as passengers or pilots, usually on scheduled aircraft, or covers the flight travel of the employees of a company under a master policy.  \nAviation Hazard: The extra hazard of death or injury resulting from participation in aeronautics, usually as other than a fare-paying passenger in licensed aircraft. This generally requires an extra premium rating or waiver of certain benefits or coverage.  \nBackdating: A procedure for making the effective date of a policy earlier than the application date.  \nBad Faith: A breach of contract, on the part of either the insured or the insurer.  \nBeneficiary: The named person who receives the benefits of the policy upon the death of the policyholder.  \nBlackout Period: The period during which a surviving spouse no longer receives survivors benefits and before he or she is eligible for retirement benefits.  \nCash Refund Annuity: An annuity contract which provides th","cbCaiuLgi3LB5Kts","https://ap.wps.com/l/cbCaiuLgi3LB5Kts","pdf",64899,"English","[{\"question\":\"What does “Absolute Assignment” mean in a life insurance policy?\",\"answer\":\"It is the irrevocable transfer of ownership of a life insurance policy from one person to another.\"},{\"question\":\"How do “Accelerated Benefits” work?\",\"answer\":\"They allow the policyholder to receive benefits before death, typically for terminal illness or long-term care needs.\"},{\"question\":\"What is “Cash Value (Also Surrender Value)” and how can it affect the policy?\",\"answer\":\"It is the amount available in cash for loans and/or withdrawals; accessing it may reduce the death benefit and increase the risk of lapse.\"}]","Life Insurance Terms - Absolute Assignment | PDF",1790592203,18]