Critical Illness Supplemental Policy
Pays an up-front, lump-sum benefit on a tax-free basis when an insured receives a diagnosis of a critical illness or condition listed on the policy
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Pays an up-front, lump-sum benefit on a tax-free basis when an insured receives a diagnosis of a critical illness or condition listed on the policy
An analysis that compares the organization’s performance with that of other organizations or divisions.
Cash or other assets that will be (or could be) converted into cash or consumed within an organization’s normal operating or accounting cycle (usually the
Liabilities that are expected to be paid within one year; short-term obligations.
A liquidity ratio that measures the organization’s ability to pay bills over the short term; current assets divided by current liabilities.
In health or Long Term Care insurance, the care that is needed for personal needs such as eating, dressing, and bathing, which can be provided
Factor used in the workers compensation experience modification plan to separate the expected total losses into primary and excess losses. A D-ratio is the normal
A sum of money that compensates an injured party (an individual or organization).
A Bureau of Labor Statistics measure of injury and illness cases involving days away, restricted duties, or transfer to other duties during a return-to-work phase.
A plan that traditionally provides lifetime monthly annuity payments to a retiree, typically determined by a formula based on an employee’s personalized factors such as
A plan that allows participants and plan sponsors (optional) to contribute to a participant’s retirement account within the plan, but does not guarantee a specific
The dollar amount of coverage that is paid to the designated beneficiary(s) of a policy upon the insured’s death.
Financial ratios measuring the ability of an organization to repay its creditors over the long term. Also a measure of the degree of leverage, or
Measure of the relationship of debt to equity; total debt divided by stockholders’ equity.
Provides a death benefit that declines throughout the term of the contract, reaching zero at the end of the term.
A loss sensitive insurance plan in which the insured agrees to reimburse the insurer for a specified amount for each claim.
The amount of eligible medical expenses an insured must pay each year before the policy pays for eligible benefits.
Specified amount in an insurance policy that is either subtracted from amount payable under a loss or that an insured must pay before the insurance
A plan that allows selected individuals to defer receipt of current income in favor of a delayed benefit, in accordance with a written agreement with
A plan that traditionally provides lifetime monthly annuity payments to a retiree, typically determined by a formula based on an employee’s personalized factors such as
A plan that allows participants and plan sponsors (optional) to contribute to a participant’s retirement account within the plan, but does not guarantee a specific
An accounting concept; the reduction in inventory and a charge against income for the use of natural resources, e.g., oil, coal, forest growth.
The basic premium plus the full amount of the premium tax loading on the standard premium plus an escrow amount to provide for the initial
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