Death Benefit
A payment made to a designated beneficiary upon the death of the employee annuitant.

Decreasing Term Insurance
Level Premium Term insurance with death benefits that decrease each policy anniversary. The death benefit may decrease according to a schedule that fits a declining need, such as a loan balance.

Deferred Annuity
Annuity payments that will begin at some future date.

Deferred Compensation
Arrangements by which compensation to employees for past or current services is postponed until some future date.

Direct Beneficiary
The named beneficiary, to whom death proceeds will be paid directly upon the insured's death.

Disability Insurance (DI)
A form of insurance coverage that provides a portion of income lost as the result of a total or partial disability caused by either an accident or an illness.

Disability Overhead Expense (DOE)
A reimbursement plan designed to cover business expenses during the total or partial disability of a professional or business person.

Dividend
A refund of part of the annual premium, which is left over after the company has set aside the necessary reserve.

Domestic Insurer
An insurance company is a domestic company in the state in which it is incorporated.

Double Indemnity
A policy provision usually associated with death, which doubles payment of a designated benefit when certain kinds of accidents occur.