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Life insurance
Industry: Insurance
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Life insurance
Whole life insurance
Insurance; Life insurance
Life insurance which might be kept in force for a person's whole life and which pays a benefit upon the person's death, whenever that might be.
Yield on invested assets
Insurance; Life insurance
Annual net investment income after expenses, divided by the mean of cash and net invested assets. This ratio measures the average return on a company's invested assets. This ratio is before capital ...
Activities of daily living
Insurance; Life insurance
Bathing, preparing and eating meals, moving from room to room, getting into and out of beds or chairs, dressing, using a toilet.
Actual cash value
Insurance; Life insurance
Cost of replacing damaged or destroyed property with comparable new property, minus depreciation and obsolescence. For example, a 10-year-old sofa will not be replaced at current full value because ...
Health reimbursement arrangement
Insurance; Life insurance
Owners of high-deductible health plans who are not qualified for a health savings account can use an HRA.
Health savings account
Insurance; Life insurance
Plan that allows you to contribute pre-tax money to be used for qualified medical expenses. HSAs, which are portable, must be linked to a high-deductible health insurance policy.
Hurricane deductible
Insurance; Life insurance
Amount you must pay out-of-pocket before hurricane insurance will kick in. Many insurers in hurricane-prone states are selling homeowners insurance policies with percentage deductibles for storm ...
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