Life insurance

Life insurance

Contributors in Life insurance

Life insurance

A predetermined, flat fee an individual pays for health-care services, in addition to what insurance covers. For example, some HMOs require a $10 copayment for each office visit, regardless of the ...

Cost-of-living adjustment (COLA)

Insurance; Life insurance

Automatic adjustment applied to Social Security retirement payments when the consumer price index increases at a rate of at least 3%, the first quarter of one year to the first quarter of the next ...

Coverage area

Insurance; Life insurance

The geographic region covered by travel insurance.

Creditable coverage

Insurance; Life insurance

Term means that benefits provided by other drug plans are at least as good as those provided by the new Medicare Part D program. This may be important to people eligible for Medicare Part D but who ...

Current liquidity

Insurance; Life insurance

The sum of cash, unaffiliated invested assets and encumbrances on other properties to net liabilities plus ceded reinsurance balances payable, expressed as a percent. This ratio measures the ...

Developed to net premiums earned

Insurance; Life insurance

The ratio of developed premiums through the year to net premiums earned. If premium growth was relatively steady, and the mix of business by line didn't materially change, this ratio measures whether ...

Development to policyholder surplus

Insurance; Life insurance

The ratio measures reserve deficiency or redundancy in relation to policyholder surplus. This ratio reflects the degree to which year-end surplus was either overstated (+) or understated (-) in each ...