Insurance Insurance Accidental death and dismemberment insurance (also known as AD&D) covers death or dismemberment as a result of an accident. In constrast to life insurance, AD&D generally would not pay survivor benefits in the case of death by illness. AD&D premiums are generally cheaper than life insurance because the incidence of death by accident is lower than death by natural causes. ...more on Wikipedia about "Accidental death and dismemberment insurance"
This page represents a collection of topics which relate to Actuarial Science. ...more on Wikipedia about "Actuarial topics"
(Actuary) Actuaries are business professionals who deal with the financial impact of risk. Actuaries use skills in mathematics, economics, finance, probability, and statistics to handle uncertain future events, especially those of concern to insurance and reinsurance companies, employee benefits such as medical insurance and pension plans, and social welfare programs such as social security and Medicare. ...more on Wikipedia about "Actuary"
Alcohol exclusion laws were passed in the 1940s in the United States to discourage people from drinking alcoholic beverages and to save insurance companies money from alcohol-related claims ( Ensuring Solutions to Alcohol Problems , George Washington University Medical Center, 2005). It was believed that people would be less likely to drive while impaired or intoxicated if insurance companies could deny medical payments or other claims associated with any injuries associated with the consumption of alcoholic beverages. ...more on Wikipedia about "Alcohol exclusion laws"
An annuity (from Latin annus, a year), is an investment that provides a defined series of payments in the future in exchange for an up-front sum of money. ...more on Wikipedia about "Annuity"
APTItude Closer is a title insurance closing software package developed by the American Pioneer Title Insurance Company which was later acquired by Fidelity in a corporate acquisition. Prior to the acquisition APTItude Closer was provided to title agents primarily located in Florida as an incentive to use American Pioneer Title Insurance Company as an underwriter. After the acquisition support for APTItude Closer was taken over by SoftPro Corporation as title agents transitioned other comparable software packages. ...more on Wikipedia about "APTItude Closer"
Auto insurance (or car insurance, motor insurance) is insurance consumers can purchase for cars, trucks, and other vehicles. Its primary use is to provide protection against losses incurred as a result of car accidents. ...more on Wikipedia about "Auto insurance"
Bancassurance is the term used to describe the sale of insurance products in a bank. The word is a combination of "banc" and "assurance" signifying that both banking and insurance is provided by the same corporate entity. The usage of the word picked up as banks and insurance companies merged and banks sought to provide insurance, especially in markets that have been liberalised recently. It is a controversial idea, and many feel it gives banks too great a control over the financial industry. ...more on Wikipedia about "Bancassurance"
A beneficiary in the broadest sense is a natural person or other legal entity who receives money or other benefits from a benefactor. The beneficiary of a life insurance policy, for example, is the person who receives the payment of the amount of insurance after the death of the insured. The beneficiaries of a trust are the persons with equitable ownership of the trust assets, although legal title is held by the trustee. The term is also used in the context of a letter of credit for the party receiving the money related thereto. Beneficiaries in other contexts are known by other names: for example, the beneficiaries of a will are called devisees or legatees according to local custom. ...more on Wikipedia about "Beneficiary"
Boiler insurance is a type of property insurance that pays accidental losses to machinery and equipment. Although it is called boiler insurance it can actually cover just about any device that uses, transmits or generates mechanical or electrical power; of course certain exclusions apply. ...more on Wikipedia about "Boiler insurance"
Buy term and invest the difference is a concept in insurance and personal finance that grants the insured more flexibility in investing their money than permanent life insurance. Because Term life insurance is usually inexpensive in the short term compared to all forms of permanent life, the insured can purchase the necessary coverage and invest the savings as they choose. On average permanent policies are more expensive than a comparable amount of term. For example a permanent product with a premium of $120 a month may be only $30 for a comparable amount of term allowing the purchaser to invest $90 a month. ...more on Wikipedia about "Buy term and invest the difference"
The cash value of an insurance policy, also called the cash surrender value or surrender value, is the amount available to the policy holder in cash upon cancellation of the policy. This term is normally used with a whole life policy in which a portion of the premiums go toward an investment. The cash value is the value of this investment at any particular time. The holder of the policy may also be able to use the cash value of the policy as collateral on a loan. ...more on Wikipedia about "Cash value"
Casualty insurance is a broad category of insurance that includes almost any coverage that is not related to life, health, or property. ...more on Wikipedia about "Casualty insurance"
The Chartered Insurance Institute is a United Kingdom-based professional organisation for those working in the insurance and financial services industry. ...more on Wikipedia about "Chartered Insurance Institute" It's my http://www.shortopedia.com! Insurance
A Chartered Property Casualty Underwriter (CPCU) is an insurance professional designation. The curriculum includes 10 courses covering insurance contracts, business, and ethics. ...more on Wikipedia about "Chartered Property Casualty Underwriter"
Corporate-owned life insurance (COLI) is life insurance on employee's lives but owned by the corporation. COLI was originally only used for highly skilled workers or executives, and was purchased by a company to hedge against the valid financial risk of recruiting and training a replacement for key employees. This use is commonly known as Key man or Key person insurance. In the 1980s, as corporations realized the tax advantages of this arrangement, they began writing policies on masses of lower-level employees. When these employees die, the company benefits, and their families receive either a small portion of the proceeds or nothing. These policies can remain in place even after the employee quits or retires. This practice taking out life insurance policies on rank-and-file employees without their knowledge or consent, with the corporation making itself the beneficiary became known derisively as "Dead Peasants Insurance" or "janitor insurance". ...more on Wikipedia about "Corporate-owned life insurance"
Credit Insurance is an insurance policy associated with a specific loan or line of credit which pays back some or all of any monies owed should certain things happen to the borrower, such as death, disability, or unemployment. ...more on Wikipedia about "Credit insurance"
Critical illness insurance is an insurance that makes a lump sum cash payment if the policyholder is diagnosed with one of the critical illnesses listed on the insurance policy and survives a minimum number of days (the “survival period”) from the date the illness was first diagnosed. ...more on Wikipedia about "Critical illness insurance"
Crop insurance is purchased by farmers to protect themselves against crop failures due to natural disasters, such as floods, hail, and drought. Crop insurance may be subsidized by the government. ...more on Wikipedia about "Crop insurance"
In an insurance policy, the deductible or excess is the portion of any claim that is not covered by the insurance provider. It is normally quoted as a fixed amount and is a part of most policies covering losses to the policy holder. The deductible must be "met", that is, paid by the insured, before the benefits of the policy can apply. ...more on Wikipedia about "Deductible"
Earthquake insurance is a form of property insurance that pays the policyholder in the event of an earthquake that causes damage to the property. Most ordinary homeowners insurance policies do not cover earthquake damage. ...more on Wikipedia about "Earthquake insurance"
www.shortopedia.com, there's no better way.
Economic abortionism is a pejorative, somewhat inflammatory term used by some American liberals and centrists to describe the belief of some conservatives that society should not provide affordable health insurance for all citizens. The term economic abortionism compares the preventable deaths of lower-income people, particularly children, to abortion, a medical procedure that religious conservatives (as well as some liberals) have a tendency to oppose, sometimes vehemently. The essential claim made in using the term is that those who allow preventable death by accepting the current state of the healthcare system are complicit in murder; that failing to cover people's healthcare costs is "aborting" them economically. ...more on Wikipedia about "Economic abortionism"
A fidelity bond is a form of protection that covers policyholders for losses that they incur as a result of fraudulent acts by specified individuals. It usually insures a business for losses caused by the dishonest acts of its employees. ...more on Wikipedia about "Fidelity bond"
The Bunning-Bereuter-Blumenauer Flood Insurance Reform Act of 2004 reformed the National Flood Insurance Program (NFIP) and the terms of the National Flood Insurance Act of 1968 It was designed to "reduce losses to properties for which repetitive flood insurance claim payments have been made." The bill's main sponsors were Sen. Jim Bunning, Rep. Doug Bereuter, and Rep. Earl Blumenauer. ...more on Wikipedia about "Flood Insurance Reform Act of 2004"
Funeral insurance is a type of insurance which is payed out upon death to cover funeral expenses of the insuree. ...more on Wikipedia about "Funeral insurance"
This article is licensed under the GNU Free Documentation License.
It uses material from the Wikipedia . Direct links to the original articles are in the text.
If you use exact copy or modified of this article you should preserve above paragraph and put also : It uses material from
the Shortopedia article about "Insurance".
| MAIN PAGE | MAIN INDEX | CONTACT US |