Life insurance

Life insurance

Contributors in Life insurance

Life insurance

Combined ratio less the net investment income ratio (net investment income to net premiums earned). The operating ratio measures a company's overall operational profitability from underwriting and ...

Own occupation

Insurance; Life insurance

Insurance contract provision that allows policyholders to collect benefits if they can no longer work in their own occupation.

Paid-up additional insurance

Insurance; Life insurance

An option that allows the policyholder to use policy dividends and/or additional premiums to buy additional insurance on the same plan as the basic policy and at a face amount determined by the ...

Overall liquidity ratio

Insurance; Life insurance

Total admitted assets divided by total liabilities less conditional reserves. This ratio indicates a company's ability to cover net liabilities with total assets. This ratio doesn't address the ...

Qualified versus non-qualified policies

Insurance; Life insurance

Qualified plans are those employee benefit plans that meet Internal Revenue Service requirements as stated in IRS Code Section 401a. When a plan is approved, contributions made by the employer are ...

Out-of-pocket limit

Insurance; Life insurance

A predetermined amount of money that an individual must pay before insurance will pay 100% for an individual's health-care expenses.

Qualified high-deductible health plan

Insurance; Life insurance

A health plan with lower premiums that covers health-care expenses only after the insured has paid each year a large amount out of pocket or from another source. To qualify as a health plan coupled ...