A method used to estimate the amount of Life Insurance to own. Under this method, the insurance proceeds are retained and are not liquidated.

A provision in a Hospital Expense Policy providing for the payment of a benefit for expenses for necessary hospital services and supplies during a period of hospital confinement. Expenses commonly cov [..]

Mutual insurance company owned by the policyowners that does not issue assessable policies but charges premiums expected to be sufficient to pay all claims and expenses.

A lawsuit where a third party tries to recover damages assessed against that party by bringing suit against his or her employer.

401(k) Plan

Liability for damages even though fault or negligence cannot be proven.

A type of coverage that pays benefits, sometimes including reimbursement for loss of income, in case of sickness, accidental injury, or accidental death.

A form of Health Insurance against loss by accidental bodily injury.

Injury to the body as the result of an accident.

A benefit in addition to the face amount of a Life Insurance Policy, payable if the Insured dies as the result of an accident. Sometimes referred to as double indemnity.