Life insurance

Life insurance

Industry: Insurance

Add a new term

Contributors in Life insurance

Become a Contributors

Life insurance

universal life insurance

Insurance; Life insurance

A combination flexible premium, adjustable life insurance policy.

quick assets

Insurance; Life insurance

Assets that are quickly convertible into cash.

subrogation

Insurance; Life insurance

The right of an insurer who has taken over another's loss also to take over the other person's right to pursue remedies against a third party.

Quick assets divided by net liabilities plus ceded reinsurance balances payable. Quick assets are defined as the sum of cash, unaffiliated short-term investments, unaffiliated bonds maturing within ...

successive periods

Insurance; Life insurance

In hospital income protection, when confinements in a hospital are due to the same or related causes and are separated by less than a contractually stipulated period of time, they are considered part ...

reciprocal insurance exchange

Insurance; Life insurance

An unincorporated groups of individuals, firms or corporations, commonly termed subscribers, who mutually insure one another, each separately assuming his or her share of each risk. Its chief ...