Learn about 401h trusts, a limited-use account to fund employee insurance costs post-retirement. Discover tax benefits and employer contribution limits.
Learn about Group Permanent Insurance, a plan that offers both retirement benefits and life insurance for groups. Understand its features, including equal premium usage.
Learn about Jumping Juvenile Life Insurance, a policy designed for children that automatically increases in value at age 21 without needing proof of insurability.
Learn about disability pensions in life insurance—pensions paid out to workers who become disabled, typically at normal retirement age.
Learn about policy reserves in life insurance, a crucial concept ensuring that all policies merit a portion of the pro rata reserve.
Learn about the Power of Appointment in estates, including how the donee can choose the end beneficiary of a property as granted by the donor.
Learn about the minimum compensation level, the essential pay threshold that employees must attain to participate in pension or profit-sharing plans.
Explore the unique features of Variable Universal Life Insurance, a hybrid policy combining the benefits of variable and universal life insurance with adjustable premiums and benefit amounts.
Learn about commercial insurance, a type of coverage sold by insurance companies aimed at generating profit. Explore its importance and how it can benefit businesses.
Learn about buy-back deductible in general insurance, where a deductible can be eliminated by paying an extra premium. Understand its implications, benefits, and scenarios where it is applicable.
Learn about the Omnibus Clause in general insurance terms, a stipulation that extends coverage to other individuals not specifically named in the contract, enhancing the policy's definition of insured.
Explore the various settlement options available in life insurance policies beyond the traditional lump sum payment. Learn about choosing the right payout alternative for your needs.
Learn what 'back load' means in the context of general insurance, focusing on expenses deducted at the time benefits are paid out.
Learn about liability limits in liability insurance, which dictate the maximum benefit available for payout in a policy. Discover how they influence coverage and protection.
Learn about viatical settlements in life insurance, where terminally ill policyholders receive a portion of death benefits ahead of time by transferring policy rights.
Discover comprehensive shoppers guides for health and life insurance. Learn about types of coverage, and find the best policies to suit your needs. Make informed insurance decisions.
Learn about the role and importance of a Survivor (Annuity) as the beneficiary named in an annuity contract. Discover how it impacts the benefits and payouts in the financial planning space.
Learn about the blackout period in life insurance, the timeframe when a deceased person’s spouse stops receiving survivor benefits and starts receiving retirement benefits.
Learn about the contingency reserve in general insurance—an essential reserve set aside for unforeseen events or damages, typically found in an insurance company's annual statement.
Learn about Contingent Beneficiary in life insurance - a secondary beneficiary who receives benefits if the primary beneficiary is deceased at payout.
Learn about delivered business in life insurance, where contracts are delivered to the insured but have not yet been paid for. Understand the implications and significance of this term in the insurance industry.
Learn about demolition insurance, part of property insurance, which covers the costs associated with the demolition of buildings not covered under a demolition clause or due to perils requiring demolition, such as fire.
Learn about juvenile insurance, a life insurance policy tailored for children under the age of 21. Discover its benefits, policy options, and importance.
Understand the term 'Settlement' used in insurance and legal contexts. Learn how settlements function as mutually agreed-upon agreements or payments between involved parties, and the potential requirement for court approval.
Explore what a Social Security rider in health insurance entails and how it influences disability income policies by potentially providing extra benefits based on Social Security payouts.
Learn about flat deductibles in property insurance, including how a specific sum is deducted from every loss or claim filed. Understand its impact on your insurance coverage and claims process.
Learn about limited policies in health and life insurance, which only pay under specific conditions as specified in the contract. Understand their low limits and limited forms.
Learn about Maximum Disability Policy in health insurance, a type of disability coverage that permits multiple claims for various disabilities with predefined limits for each claim.
Learn about vesting in life insurance, how it secures your right to benefits from employer contributions, and why you don't need to remain employed to retain these benefits.
Discover the fundamental aspects of dependent coverage in health and life insurance, including eligibility for spouses and children, and applicable age limits.
Learn about graded premium in life insurance, a type of premium that starts lower and increases over time, offering a cost-effective start for policyholders.
Explore how P.S. 58 charges influence taxable economic benefits in split dollar plans, including the IRS generated cost of pure death protection.
Learn about weekly premium insurance policies in health and life insurance, where an agent visits the insured's home to collect premiums, typically for small amounts.
Learn about Trust Fund Plans for Pensions where a trustee receives contributions and issues retirement benefits. Explore the benefits and regulations associated with these plans.
Explore the concept of Coordination of Benefits in health and life insurance. Learn how it determines the primary insurer when you're covered by multiple insurers.
Explore the ins and outs of Life Expectancy Term Insurance. Learn how it differs from ordinary life insurance and determine if it suits your financial and coverage needs.
Learn about the elimination period in health insurance policies, an important waiting or probation period that affects when benefits begin.
An in-depth look at entity agreements in life insurance, a crucial buy-sell arrangement for partnerships that ensures stability when a partner becomes disabled or dies.
Discover what a health plan (health insurance) entails, including details on medical service coverage for members. Learn how these plans ensure access to essential healthcare.
Explore the concept of Increasing Term Insurance, a unique type of life insurance policy that offers a consistent premium while the death benefit increases over time. Learn how it can provide enhanced financial protection for your loved ones.
Learn about policy loans in life insurance, where the loan amount is based on the policy's cash value and the policy itself serves as collateral.
Learn about revocable trusts, a type of trust that allows the grantor to retain control and the ability to revoke or modify the trust. Discover the essentials of estate planning and legal terminologies.
Learn about the Common Disaster Clause in life insurance policies, which outlines the procedure for payout if both the insured and the beneficiary pass away simultaneously.
Learn about adjusted premium, a type of insurance premium calculation that includes a net-level premium and first year’s acquisition expenses, important for life annuity contracts.
Learn about the automatic increase in benefit provision in life insurance, a key clause in disability coverage that ensures rising payments over the years based on a pre-determined percentage.
Learn about combination plans in life insurance, a strategy that integrates life insurance with a side or auxiliary fund to enhance future pensions or annuities.
Learn about the Commissioner’s Standard Ordinary Mortality Table, a critical tool used in life insurance to calculate the nonforfeiture value due to policyholders.
Learn about continuous premium whole life insurance, which spreads premium payments throughout the insured's life, up to age 100. Understand its benefits, structure, and more.
Learn about convertible life insurance, a type of policy that allows you to convert your term life insurance into a permanent policy. Explore its benefits and why it might be a strategic choice for your insurance needs.
Explore the benefits and workings of Deferred Group Annuities, a group annuity contract that enables annual purchases of deferred annuities, ensuring retirement income.
Learn about the expiration notice in general insurance, which provides insured individuals with alerts about the upcoming expiration of their insurance policies.
Understand franchise deductible in general insurance. Learn how it impacts coverage, claims, and what it means for your insurance policies.
Learn about installment refund annuities, a type of annuity that ensures benefit payments until the equivalent of the purchase price is paid out. Essential information for financial planning.
Learn about the designation of an irrevocable beneficiary in life insurance and the importance of obtaining consent to make changes.
Understand legal expense insurance, a type of liability insurance that covers legal services for policyholders as per a defined schedule. Discover its benefits, how it works, and why you might need it.
Discover what maturity value in life insurance means and how it affects the total amount paid to policyholders at the end of an endowment or after reaching a specified age.
Learn about Mutual Benefit Association in general insurance, where members receive benefits through assessments instead of regular premiums.
Understanding Package Policy in insurance—Learn how an insurance policy that includes more than two different kinds of coverage can provide comprehensive protection for both personal and commercial requirements.
Learn about the Primary Insurance Amount (PIA), a crucial calculation used to determine social security benefits. Understand its significance in estate planning.
Learn about Split Dollar Plan in life insurance, a unique contract where both employer and employee share premium costs and benefits.
Learn about the hospital confinement rider in health insurance, an optional feature that waives the elimination period for inpatient hospital admissions.
Learn about managed health care plans, including how they involve multiple providers sharing financial risks and provisioning medical care services.
Learn about the maturity date in life insurance policies where the face value is payable upon the insured's death or at the end of the term.
A comprehensive guide to reversionary annuities, a unique life insurance contract that pays annuity benefits under specific conditions. Learn how it works, its advantages, and its application in life insurance.
Discover the meaning and implications of a testamentary trust, a type of trust established as per a deceased person's will, and its significance in estate planning.
Learn about Basic Hospital Plans in Health Insurance. Discover what minimum benefits and basic benefits are provided by these insurance policies.
Learn about the change of beneficiary provision in general insurance policies, allowing insured individuals to alter beneficiaries unless irrevocable.
Understand the concept of double protection in life insurance, a contract that merges whole life insurance and term life insurance, offering enhanced security until the expiration of the term policy.
Explore the essential aspects of Employee Welfare Benefit Plans, including their role in providing medical care, benefits upon illness, death, or unemployment. Ideal for employers seeking to understand their obligations.
Learn about the good driver discount in vehicle insurance, including the criteria to qualify and the benefits it offers to safe drivers. Discover how maintaining a clean driving record can lower your premiums.
Hospital income insurance provides a steady income while an individual is hospitalized, ensuring financial stability. Learn how this insurance covers hospital expenses and other needs.
Explore the concept of Long Term Disability in Health Insurance, where disability conditions persist over a long period of time, and understand its impacts and coverage options.
Learn about nonduplication of benefits in health insurance, also known as coordination of benefits, where benefits do not cover losses already being covered by another party.
Discover what the Outline of Coverage in Health and Life Insurance entails. Learn about its role in summarizing benefits, coverage, exclusions, and premiums, and how it functions as a preliminary overview for insurance applicants.
Discover how overhead expense insurance safeguards business owners by covering rent, utilities, and employee salaries when they become disabled. Learn more about this crucial disability insurance.
Learn about the per cause deductible in health insurance, a requirement that benefits are only paid after the deductible for each incident is met, and how it impacts your coverage.
Learn what a Regular Stock Option Plan entails, its benefits for company executives, and the tax implications when stock is purchased.
Learn about retroactive conversion in life insurance. Discover how it allows the conversion of a term life policy to a cash value form with retrospective effect.
Discover how salary savings insurance works, a life insurance policy paid for by payroll deductions. Learn how employers facilitate this benefit by deducting premiums from employees' paychecks.
Explore how a spendthrift clause in life insurance protects beneficiaries by preventing creditors from claiming benefits directly. Understand the legal implications and advantages.
Learn about adjustment income in life insurance, a crucial benefit designed to provide financial support to beneficiaries following the death of the primary wage earner.
Learn about disability benefits, which provide financial support to individuals deemed partially or totally disabled. Explore policies and clauses in health and life insurance.
Learn about dismemberment benefits in health insurance, including how these benefits are paid out upon the dismemberment of the insured.
Learn about the future increase option in health insurance, an option to augment disability benefits without re-establishing insurability. Available at predetermined times listed in the contract.
A comprehensive guide to Joint Annuities in Life Insurance, explaining how they work, who they benefit, and key considerations when choosing this type of annuity.
Learn about loss assessment charges, their importance in liability and property insurance, and how homeowners insurance policies may cover these costs.
Explore what Occurrence Coverage in Liability Insurance entails, including how it provides coverage for losses occurring within the policy's term, regardless of when the claim is made.
Learn about aviation exclusion in life insurance policies, a clause noting non-coverage for incidents involving non-commercial flights such as small-plane crashes.
Explore the Beneficiary Clause in general insurance, allowing the insured to designate and change a beneficiary at any time. Learn its importance and implementation.
Understanding the control provision in life insurance policies, particularly how it provides control to someone other than the insured, usually noted in contracts for underage individuals.
Learn about Dread Disease Policy, a specialized health insurance that covers all medical costs associated with treating specific medical conditions listed in the policy.
Understanding the term 'Guaranteed Cash Value' in whole life insurance policies. Learn how it accumulates and its impact on your life insurance over time.
Learn about the Integrated LTC Rider in health insurance policies, which states that Long-Term Care (LTC) benefits will reduce the policy’s other benefits if paid out.
Learn about Life Paid Up at Age (Life Insurance), a policy offering lifetime coverage with premiums that stop at a predetermined age, securing lifelong protection without lifelong payments.
Understand the concept of a Living Benefits Rider, a significant health insurance rider offering long-term care benefits for terminally ill insured individuals when attached to a life insurance contract.
Explore the concept of Monthly Debit Ordinary Status Cards in life insurance, which indicates monthly debit ordinary business that is still in force and which has lapsed.
Learn about ordinary agency in life insurance, focusing on agencies that deal exclusively with ordinary life insurance policies.
Explore the concept of percentage participation in health insurance, detailing how insurers and insureds share the cost of claims based on agreed terms.
Understand the Pro Rata Liability Clause in general insurance. Learn how this clause ensures that losses are paid proportionally based on the coverage provided.
Learn how reduced paid-up insurance in life insurance works, allowing the policyholder to use cash value to purchase the highest amount of paid-up insurance possible, offering sustained coverage.
