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Life insurance
Industry: Insurance
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Life insurance
cost-of-living adjustment (COLA)
Insurance; Life insurance
Automatic adjustment applied to Social Security retirement payments when the consumer price index increases at a rate of at least 3%, the first quarter of one year to the first quarter of the next ...
creditable coverage
Insurance; Life insurance
Term means that benefits provided by other drug plans are at least as good as those provided by the new Medicare Part D program. This may be important to people eligible for Medicare Part D but who ...
current liquidity
Insurance; Life insurance
The sum of cash, unaffiliated invested assets and encumbrances on other properties to net liabilities plus ceded reinsurance balances payable, expressed as a percent. This ratio measures the ...
death benefit
Insurance; Life insurance
The limit of insurance or the amount of benefit that will be paid in the event of the death of a covered person.
deductible
Insurance; Life insurance
Amount of loss that the insured pays before the insurance kicks in.
developed to net premiums earned
Insurance; Life insurance
The ratio of developed premiums through the year to net premiums earned. If premium growth was relatively steady, and the mix of business by line didn't materially change, this ratio measures whether ...
