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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Related Real Estate Glossary terms

Premium

Periodic fee paid for insurance protection. Amount paid for real estate above the expected prev ...

Graduated Mortality Table

Same as term Graduated Life Table: mortality table that reflects irregularities from age to age due ...

Medical

Same as term Medical Examination: physical checkup required of applicants for life and/or health ins ...

Pricing Inadequacy Risk

One of four types of risks affecting the life insurance company as identified by the society of actu ...

Shock Loss

Loss so catastrophic in nature that the insurance company will experience a significant underwriting ...

Paper Profit

Unrealized gain in value of real property from holding it. The increase value is not recognized in t ...

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