Purchasing Power Risk
Investment risk associated with the relationship between the yield (interest, dividends, and capital) of financial instruments and the rate of inflation in the economy. For fixed income financial instruments such as a fixed dollar annuity and fixed dollar life insurance, the financial security of the recipient is diminished in proportion to the rise of inflation.
Popular Insurance Terms
Failure to act with the legally required degree of care for others, resulting in harm to them. ...
When people think of home insurance policies, they usually only think about the obvious coverage of its house structure. But that, known as Dwelling Insurance, is only one of the coverage ...
Federal agency that researches injury and illness arising from workplace hazards and recommends standards for maximum exposures to hazardous substances. ...
Coverage for risks deemed uninsurable at standard rates by normal standards (persons whose medical histories include serious illness such as heart disease or whose physical conditions are ...
Document used to sign up employees for plans such as salary savings, life insurance, or other employee benefits. ...
Period of time during which notice of claim and proof of loss must be submitted by the insured or his or her legal representatives. ...
Plan that combines the simplicity and flexibility of the traditional profit-sharing plan with the best features of the defined benefit plan and the target benefit plan. By age-weighing the ...
Change in years of service credited to employee in calculating pension benefits and other employee benefits. ...
Termination of premium payments by an employer on behalf of an employee to an employee benefit plan. ...
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