Effective Date:The date your insurance is to actually begin. You are not covered until the policies effective date.

Estate or Inheritance Taxes on Assets:Taxes that are required to be paid on your assets at death.

Exclusions:Medical services that are not covered by an individual's insurance policy.

Explanation of Benefits:The insurance company's written explanation of a claim, showing what they paid and what the individual must pay. Sometimes accompanied by a benefits check.

Evidence of Insurability:Proof of a person's physical condition, occupation or other factors. This is used by a life insurance company to determine the acceptability of the applicant for life insurance.