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Life insurance
Industry: Insurance
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Life insurance
Unearned premiums
Insurance; Life insurance
That part of the premium applicable to the unexpired part of the policy period.
Uninsured motorist coverage
Insurance; Life insurance
Endorsement to a personal automobile policy that covers an insured collision with a driver who does not have liability insurance.
Universal life insurance
Insurance; Life insurance
A combination flexible premium, adjustable life insurance policy.
Usual, customary and reasonable fees
Insurance; Life insurance
An amount customarily charged for or covered for similar services and supplies which are medically necessary, recommended by a doctor or required for treatment.
Utilisation
Insurance; Life insurance
How much a covered group uses a particular health plan or program.
Valuation
Insurance; Life insurance
A calculation of the policy reserve in life insurance. Also, a mathematical analysis of the financial condition of a pension plan.
Total annual loan cost
Insurance; Life insurance
The projected annual average cost of a reverse mortgage including all itemised costs.
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