Life insurance

Life insurance

Industry: Insurance

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Life insurance

Reinsurance

Insurance; Life insurance

In effect, insurance that an insurance company buys for its own protection. The risk of loss is spread so a disproportionately large loss under a single policy doesn't fall on one company. ...

Point-of-service plan

Insurance; Life insurance

Health insurance policy that allows the employee to choose between in-network and out-of-network care each time medical treatment is needed.

Reciprocal insurance exchange

Insurance; Life insurance

An unincorporated groups of individuals, firms or corporations, commonly termed subscribers, who mutually insure one another, each separately assuming his or her share of each risk. Its chief ...

Personal injury protection

Insurance; Life insurance

Pays basic expenses for an insured and his or her family in states with no-fault auto insurance. No-fault laws generally require drivers to carry both liability insurance and personal injury ...

Re-entry

Insurance; Life insurance

Re-entry, which is the allowance for level-premium term policyowners to qualify for another level-premium period, generally with new evidence of insurability.

A coverage limitation included in many health policies which states that certain physical or mental conditions, either previously diagnosed or which would normally be expected to require treatment ...

Residual benefit

Insurance; Life insurance

In disability insurance, a benefit paid when you suffer a loss of income due to a covered disability or if loss of income persists. This benefit is based on a formula specified in your policy and it ...