Qualified Impairment Insurance

Definition of "Qualified impairment insurance"

Georgia  Ellebie real estate agent

Written by

Georgia Ellebieelite badge icon

ERA Live Moore

Waiver of an impairment of an applicant for health insurance by attaching an endorsement to the health insurance policy stating that the policy will pay no benefits in connection with the impairment. This waiver enables an applicant, who otherwise would not qualify, to be insured.

image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Insurance Terms

Additional amount of surplus generated by an additional amount of capital to be included in the surplus above that required by the statutory requirements. This additional surplus is ...

Elements common to all life insurance policies. While state insurance laws do not prescribe the exact words that must be in a life insurance policy, certain standard provisions must be ...

Coverage for musicians and other providers of musical services such as musical instrument dealers. Musical instruments, service equipment, and sheet music are insured on an all risks basis ...

Conditions found in employee benefit plans such as pensions, under which minimum requirements, such as 20 years of service, must be met by an employee to qualify for benefits. ...

Irrevocable living trust (rights to make any changes are forfeited by the grantor permanently) in which the grantor forfeits control of all assets placed in the trust. However, the grantor ...

Policies that have been sold to and paid for by an insured, but not yet delivered to the insured. ...

Difference between the yield on earning assets and the cost of interest-bearing liabilities. ...

Investment risk associated with the psychology of the market in that emotions affect the price of a company's stock that, in most instances, has nothing to do with the current or potential ...

Endowment period of time, in life insurance, at which the face amount of the policy is payable to the insured. ...

Popular Insurance Questions