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Life insurance
Industry: Insurance
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Life insurance
licensed
Insurance; Life insurance
Indicates the company is incorporated (or chartered) in another state but is a licensed (admitted) insurer for this state to write specific lines of business for which it qualifies.
licensed for reinsurance only
Insurance; Life insurance
Indicates the company is a licensed (admitted) insurer to write reinsurance on risks in this state.
lifetime reserve days
Insurance; Life insurance
Sixty additional days Medicare pays for when you are hospitalized for more than 90 days in a benefit period. These days can only be used once during your lifetime. For each lifetime reserve day, ...
liquidity
Insurance; Life insurance
Liquidity is the ability of an individual or business to quickly convert assets into cash without incurring a considerable loss. There are two kinds of liquidity: quick and current. Quick liquidity ...
living benefits
Insurance; Life insurance
This feature allows you, under certain circumstances, to receive the proceeds of your life insurance policy before you die. Such circumstances include terminal or catastrophic illness, the need for ...
loss adjustment expenses
Insurance; Life insurance
Expenses incurred to investigate and settle losses.
loss and loss-adjustment reserves to policyholder surplus ratio
Insurance; Life insurance
The higher the multiple of loss reserves to surplus, the more a company's solvency is dependent upon having and maintaining reserve adequacy.
