Corridor Deductible
Type of major medical deductible amount that acts as a corridor between benefits under a basic health insurance plan and benefits under a major medical insurance plan. After benefits are paid under the basic plan, a fixed dollar per-loss deductible amount often is required of the insured (benefits paid under the basic plan do not apply towards this deductible) before major medical benefits are paid.
Popular Insurance Terms
Life insurance company agency that sells ordinary life insurance and industrial life insurance. ...
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Salesperson who markets and services insurance policies in the state in which he or she is domiciled. ...
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