What Is Member Month?

Member Month refers to the period of time during which an insurance policyholder’s membership dues are paid. This term is typically used in relation to group health insurance plans, as it allows the insurer to determine the amount of the policyholder’s monthly premium. How long is term life insurance? Term life insurance is one type … Read more

Nuncupative Will.

A nuncupative will (also known as an “oral will”) is a will that is not written down, but is instead spoken aloud by the person who is making the will (the “testator”). Nuncupative wills are typically only used in situations where the testator is unable to write down their will, due to being in a … Read more