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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Popular Real Estate Terms

Disability Buy-out Insurance

Buy-sell agreements found in partnerships, sole proprietorships, and close corporations. Either the business entity or the surviving members of the bu ...

Savings Incentive Match Plan For Employees (simple Plans)

Small business retirement plans created by the Small Business Job Protection Act of 1996. These plans permit small business owners who have fewer than ...

Extended Term Insurance

Nonforfeiture option that uses the cash value of an ordinary life policy as a single premium to purchase term life insurance in the amount of the orig ...

Maintenance Bond

Legal instrument posted by a contractor or craftsman to guarantee that completed work is free of flaws and will perform its intended function for a sp ...

International Insurance Seminars, Inc. (iis)

Annual meetings of insurance practitioners and academicians from throughout the world interested in exchanging ideas concerning the theory and applica ...

Contributing Insurance

Same as term Contribution: principle of equity in property, casualty, and health insurance. When two or more policies apply to the loss, each policy p ...

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