Archives: Glossary Terms

A disease also known as infantile paralysis that affects the nervous system. It is produced by a virus. It is called infantile because those who contract the disease are specially children between 5 and 10 years old. It is a very infectious disease, but it is controlled through vaccination. It affects the central nervous system. In its acute form, it causes inflammation of the spinal cord and brain motor neurons, leading to paralysis, muscular atrophy, and often deformity.

It is a genetic disease, inherited in the majority of cases. Starting largely during childhood, characterized by progressive muscle atrophy of proximal beginning (closer to the center of the trunk or middle line), loss of reflexes, with muscular hypertrophy, which is generally not limited to the muscles, these are progressive diseases that end with death or severe limitations.

An acute bacterial disease that generally affects the tonsils, throat, nose, or skin.

The right to change the designation of beneficiaries.

The beneficiary designation that identifies a specific group of individuals instead of a single one.

The right of a participant in a retirement plan to receive partial or full benefits under the plan even if their employment ends before retirement.

Department responsible for processing claims. In this department, the claims examiner or analyst evaluates the claim filed by the policyholder or beneficiary, verifies its validity, and authorizes benefit payments to the corresponding person.

Department responsible for establishing the risk that the company will insure.

Department responsible for providing help and assistance to insured, policyholders, agents, and beneficiaries.

Department responsible for promoting and selling the company’s insurance products to prospects or customers.