Life insurance

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 ...

coverage area

Insurance; Life insurance

The geographic region covered by travel insurance.

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 ...