Life insurance

Life insurance

Industry: Insurance

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Life insurance

Comprehensive insurance

Insurance; Life insurance

Auto insurance coverage providing protection in the event of physical damage (other than collision) or theft of the insured car. For example, fire damage or a cracked windshield would be covered ...

In hospital income protection, when a patient is confined to a hospital due to more than one injury and/or illness at the same time, benefits are paid as if the total disability resulted from only ...

Employers liability insurance

Insurance; Life insurance

Coverage against common law liability of an employer for accidents to employees, as distinguished from liability imposed by a workers' compensation law.

Encumbrance

Insurance; Life insurance

A claim on property, such as a mortgage, a lien for work and materials, or a right of dower. The interest of the property owner is reduced by the amount of the encumbrance.

Exclusions

Insurance; Life insurance

Items or conditions that are not covered by the general insurance contract.

Lifetime reserve days

Insurance; Life insurance

Sixty additional days Medicare pays for when you are hospitalised for more than 90 days in a benefit period. These days can only be used once during your lifetime. For each lifetime reserve day, ...

Liquidity

Insurance; Life insurance

Liquidity is the ability of an individual or business to quickly convert assets into cash without incurring a considerable loss. There are two kinds of liquidity: quick and current. Quick liquidity ...