period of insurance
111unemployment insurance — noun : insurance (as provided by state laws adopted pursuant to the Federal Social Security Act) against loss of earnings by payments for a limited period during which a worker is involuntarily unemployed * * * a government program that provides… …
112Voluntary Life Insurance — A financial protection plan that provides a beneficiary with cash in the event that the policyholder dies. Voluntary life insurance is an optional benefit offered by some employers where the employee pays the premium. The premiums, which are… …
113life insurance — An insurance policy that pays a monetary benefit to the insured person s survivors after death. Bloomberg Financial Dictionary Insurance policy valid for a limited period (term life) or throughout the insured s life (whole life) whereby an… …
114unemployment insurance — n: a social insurance program that provides unemployment compensation for a limited period to involuntarily unemployed workers Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. unemployment insurance …
115Cash-Value Life Insurance — A type of life insurance policy that pays out upon the policyholder s death, and also accumulates value during the policyholder s lifetime. The policyholder can use the cash value as a tax sheltered investment (the interest and earnings on the… …
116Catastrophic Illness Insurance — A type of insurance that protects the insured, in the event of specified major health events, during a defined period of time. Catastrophic illness insurance coverage is usually a lump sum, and can be full or partial depending on the condition… …
117valued insurance — ➔ insurance * * * valued insurance UK US noun [U] (also agreed value insurance, valued policy [C]) INSURANCE ► insurance for an amount agreed to by an insurance company at the start of an insurance period, rather than at the time property is lost …
118Total permanent disability insurance — Total Permanent Disability (TPD) is a phrase used in the insurance industry and in law. Generally speaking, it means that because of a sickness or injury, a person is unable to work in their own or any occupation for which they are suited by… …
119Business overhead expense disability insurance — Business overhead expense (BOE) disability insurance pays the insured’s business overhead expenses if he or she becomes disabled. A BOE policy pays a monthly benefit based on actual expenses, not anticipated profits. It is designed for businesses …
120Cancelable Insurance — This is insurance that may be canceled, at any time, by the insured party or by the insurance company. Aside from life insurance, most insurance policies can easily be. If the insurer cancels the policy, it must first give notice and must also… …
