Family Expense Insurance
Definition of "Family expense insurance"
Type of health insurance under which an insured's coverage extends to all family members if they are residents of the insured's household. Insures all medical expenses (except those excluded), among them room and board, surgical and physician costs, drugs and medicines, blood, ambulance service to and from the hospital, X-rays, and floor nursing.
Popular Insurance Terms
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Type of trust used to remove assets from a surviving spouse's estate, thereby excluding such assets from federal estate tax upon the death of the surviving spouse. This type of trust allows ...
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