Substandard Health Insurance Qualified Impairment Insurance


Definition of "Substandard health insurance (qualified impairment insurance)"

Coverage for persons whose medical history includes serious illness such as heart disease or whose physical condition is such that they are rated below standard. A policy may specifically deny coverage for recurrence of a particular illness or medical condition through an impairment exemption rider, or may provide only partial benefits.



Search Real Estate Glossary

 

Related Real Estate Glossary terms

Vesting, Deferred

Specified requirements of minimum age and years of service to be met by an employee before the indiv ...

Burn-off

Reducing the prepaid items on a debt agreement. ...

Recasting

revising the terms of a loan such as when the borrower is experiencing severe financial difficultie ...

Defendant

One of two parties in a negligence lawsuit (the other party being the plaintiff) from whom the plain ...

Financial Leverage

A portion of a real estate company's assets financed with debt instead of equity. It involves inter ...

Waterproofing

Putting a waterproofing substance on the exterior cement walls of the structure to prevent water fro ...

Related Real Estate FAQ

What Is A Negative Amortization?

A negative amortization is a type of loan situation that occurs when the monthly payments do not cov ...

What Type Of Life Insurance Is Right For Me?

A life insurance policy can help enable your family to remain financially if you or your spouse shou ...

What Is A REALTOR®?

A REALTOR® is an agent or agency that belongs to the local or state board of REALTORS® and is affi ...

What Is A Balloon Mortgage?

A type of mortgage in which the loan amount is amortized over the full length of the loan (usually 3 ...

What Is A Title Search?

A title search is the process of reviewing court records and other records to ensure that there are ...

What Happens When A Property Starts To Depreciate?

When a property depreciates it declines in the value of the property due to poor location, dilapidat ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

What do Real Estate Attorneys do? What is Hazard Insurance? Top Five Reasons Your Home Offer was Rejected 5 U.S. Cities with the Best Public Transportation 7 Tips for a First Time Homebuyer

FAQ

How Much Income Do I Need ? What is a deed? What is the APR for This ARM Loan? What is a debt-to-income ratio? How big is an acre?