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Life insurance
Industry: Insurance
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Life insurance
Insurance attorneys
Insurance; Life insurance
An attorney who practises the law as it relates to insurance matters. Attorneys might be solo practitioners or work as part of a law firm. Insurance companies who retain attorneys to defend them ...
Interest-crediting methods
Insurance; Life insurance
There are at least 35 interest-crediting methods that insurers use. They usually involve some combination of point-to-point, annual reset, yield spread, averaging, or high water mark.
Hazard
Insurance; Life insurance
A circumstance that increases the likelihood or probable severity of a loss. For example, the storing of explosives in a home basement is a hazard that increases the probability of an explosion.
Hazardous activity
Insurance; Life insurance
Bungee jumping, scuba diving, horse riding and other activities not generally covered by standard insurance policies. For insurers that do provide cover for such activities, it is unlikely they will ...
Health maintenance organisation (HMO)
Insurance; Life insurance
Prepaid group health insurance plan that entitles members to services of participating physicians, hospitals and clinics. Emphasis is on preventative medicine, and members must use contracted ...
Mortality and expense risk fees
Insurance; Life insurance
A charge that covers such annuity contract guarantees as death benefits.
Mortgage insurance policy
Insurance; Life insurance
In life and health insurance, a policy covering a mortgagor with benefits intended to pay off the balance due on a mortgage upon the insured's death, or to meet the payments due on a mortgage in case ...