Universal life insurance is a type of life insurance that was added as one of our options during the 1980s as a way to generate cash value.
With some types of life insurance policies, after a period of time you will be able to stop making life insurance premiums once the value builds up.
In the field of health insurance, the waiting period is the time between the signing of the contract and when the insurance protection goes into effect.
A voluntary reserve is an amount of money that the insurance company sets aside in order to ensure that the are financially stable and able to weather storms.
The person with the life threatening illness that is benefiting from a viatical contract is known as a viator, and they will receive a portion of the life insurance early.
None of us want to think about our death, but for those with a terminal illness, a viatical settlement will allow you to receive life insurance proceed while living.
For those that are interested in maintaining a cash value life insurance policy, this type of life insurance can give you more control over the cash value of your policy.
All life insurance contracts will require there to be medical tests and other questionnaires, along with an evaluation before there is acceptance.
An annuity is a great way to ensure that your retirement nest egg does not break in retirement, as you receive guaranteed payments with very little risk,
Assigning a proper value to the assets in the company are critical for determining the health and stability of the insurance company.
In the field of insurance, valuation reserve is used in order to stabilize the company when there are losses, and it shows regulators you are stable
Utilization refers to the method by which health insurance companies will evaluate the value of a given procedure.
Although all people are required to have car insurance, you are also required to have uninsured motorist coverage in case someone does not comply.
In the case where you have auto insurance and your car is damaged to where the policy ends, the unearned premium will be referred to you.
One of the ways that lenders protect themselves from loss is by being placed on the insurance policy as additional interest, which ensures that they will be paid.
The accumulated amount refers to the value of life insurance policy or annuity based on your investment and how it has performed.
With life insurance policies that have stipulations for accidental death coverage, this ensures that the death is a result of an accident.
One of the most important aspects of running an insurance company is getting the policies underwritten according to the standards of the company.
There are a number of different standards that all insurance companies will follow when they are underwriting a policy, and this enables their standards
As a part of underwriting the various policies that are issued by a company, they will incur a number of different expenses in the process.
In the world of insurance, an underwriter functions as the one analyzing insurance applications whether to be agreed upon or discarded.
When you purchase your life insurance policy, the company will pool your resources with others and invest the money in order to increase earnings and reduce the cost of policies.
A incident involving damage to your property, such as the results of a fire or tornado, may result in a total loss, where nothing is salvagable
One of the things that can affect the equity on your home is a financial package known as a reverse mortgage, whihc allows you to tap into that equity.
when it comes to meeting the requirements of the various states, the admitted assets tells them that the company will be able to handle claims.
Although we all complain about legal costs, they do work in order to protect the rights of their clients when they feel they have been wronged.
Term life insurance is an easy an affordable way to protect your family from the possibility of your death and loss of income.
Unlike paying a surrender charge to end a life insurance contract, a surrender period is a time when that fee will not be applied.
One of the ways that life insurance companies keep their customers is by charging a surrender charge for canceling their policies before the contract is expired.
A surplus is important for the insurance company, as these funds can ensure the long term stability for the company.
As a part of many health insurance policies, they will consider successive periods to refer to multiple hospital visits for the same issue.
With any number of types of insurance policies, subrogation gives the insurance company the right to chase after a third party for repayment if they are at fault.
One of the most important tools for the insurance company is their accounting system, as this is the financial tool that drives all other decisions.
The accountants that are involved in the insurance company (or in any other company) will produce a number of useful reports to aid decision making.
With an accounting agency, there are a number of different types of liability policies to consider, and these can ensure that the company reduces risks.
Just like many other types of businesses, it is important for accountants to have liability coverage in the case of any mistakes.
With some whole life insurance products, additional deposit privilege will allow you to increase your amount of coverage over time.
When looking at annuity products, the accumulation unit will measure the value of the investments that you are purchasing.
As a part of a life insurance policy, you may be able to get something referred to as accumulation benefits, which allows you to add as you need it.
When looking at insurance products such as an annuity, one term that you will read about is called accumulated value, or the current value of the underlying account.
In order for insurance companies to be able to evaluate their financial performance, one of the statistics that they are gathering is accident year statistics.
Accident and health insurance is an important way of protecting the finances of you and your family in the event of unforeseen circumstances.
An adhesion insurance contract is one that all of us have signed, as this refers to a binding contract between you and the insurance company.
One of the important additions that you can add to your homeowner policy protects you from loss of use, such as when you are unable to live there after a fire.
Although most of us own more than one vehicle, we also know that this increases our insurance costs, but most companies discount additional vehicles.
As a part of your auto insurance policy, you will see addendums added to the policy in order to legally clarify aspects of the policy.
Ad valorem taxes are a type of tax that is applied to your property by the government entities. You will see this as a part of your payment.
With auto insurance, and some other types of insurance, they may refer to actual cash value, which mean that you only receive the value of the item.
One of the most important people in the life insurance field is that of an actuary, as they calculate the risks that determine your rates.
One of the things for an actuary to strive for is to achieve certification, as this demonstrates their expertise and commitment to the field and ethics.