Applicant
Plain-English meaning
Applicant is a life insurance term that can affect how a policy is priced, issued, maintained, or paid. The exact meaning comes from the policy contract and carrier materials.
What to check
- Where the term appears in the policy.
- Whether it affects premiums, benefits, riders, or claims.
- Whether state rules or carrier definitions change the details.
Editor's note
Glossary pages are good for orientation. Before buying or changing a policy, look for the same term in the actual contract.