Business Life And Health Insurance

Definition of "Business life and health insurance"

Coverage providing funds for maintenance of a business as closely to normal as possible in the event of a loss of a key person, owner, or partner.

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General Characteristics

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Guaranteed Insurability

Right of an insured to make additional purchases of life insurance without having to take a physical ...

Surplus Adequacy Ratio

Insurance company's adjusted surplus divided by its adjusted liabilities. The greater this ratio, th ...

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