Claim Obligation To Pay

Method of integrating an employee's Social Security or other retirement benefits with a qualified retirement plan. Some employers offset (reduce) retirement or disability income benefits ...

Inverse of the actuarial present value of a life annuity, taking the employee's life expectancy into account, to commence income payments at the normal retirement age of the employee. It is ...

Insurance policy in force only after the insurance company approves the application. Today, most companies use the insurability conditional premium receipt. ...

Individual or other entity who owns an insurance policy. Synonymous with policyowner. ...

Life insurance policy option under which the dividends that have accrued may be applied to mature the policy as endowment insurance. ...

Professional designation earned after the successful completion of four national examinations given by the insurance institute of America (IIA). Covers such areas of expertise as the ...

Same as term Underwriting Gain Loss): profit ( deficit) that remains after paying claims and expenses. Insurers generate profits from underwriting and from investment income. Their chief ...

Five-year nonrenewable term life insurance policy for veterans who were covered by servicemens group life insurance (SEGLI) while on active duty in the U.S. uniformed forces. At the end of ...

The insurance company will replace it with a model as close to it as possible in the current retail market. ...

If you live in an Earthquake zone. Yes! Typically most homeowners insurance insurance coverage would apply as rider. If it is not available under your homeowners insurance you will need to ...

Commercial insurance is designed to help protect many of the risks your business can face, including: damage or destruction to your business vehicles certain liability exposures ...

General Liability Coverage includes: Bodily Injury Liability Coverage: Help protect you in case injuries occur to other people resulting from your operations. Property Damage ...

Liability Coverage: In case you're sued as a result of an auto accident. Collision Coverage: Helps cover physical damage to your vehicle due to collision or upset. Comprehensive ...

Loss of luggage Loss of travel documents Cancellation and lost deposit expenses Medical expenses: including overseas Death Burial and transport expenses Liability coverage if ...

Whole life insurance insurance provides the coverage amount to your beneficiary in the of your death, as well as cash value savings you can use during your lifetime. ...

Over 90% of all presidential-declared disasters in the United States are flood related. Leveling forests, overbuilding the land, and increasing use of asphalt all reduce the soil\'s natural ...