Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 25

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 34

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 25

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 34

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 25

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 34

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 25

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 34

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 25

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 34

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 25

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 34

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 25

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 34

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 25

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 34

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 25

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 34

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 25

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 34

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 25

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 34

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 25

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 34

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 25

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 34

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 25

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 34

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 25

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 34

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 25

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 34

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 25

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 34

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 25

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 34

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 25

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 34

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 25

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 34

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 25

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 34
Insurance Glossary

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/plugins/content/seoglossary/seoglossary.php on line 223

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/plugins/content/seoglossary/seoglossary.php on line 225

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/plugins/content/seoglossary/seoglossary.php on line 223

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/plugins/content/seoglossary/seoglossary.php on line 225

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 25

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/helpers/seoglossary.php on line 232

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 25

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 25

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 25

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 25

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 25

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 25

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 25

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 25

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 25

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 25

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 25

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 25

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 25

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 25

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 25

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 25

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 25

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 25

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 25

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 25

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 25

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 25

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 25

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 25

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 25

Strict Standards: Non-static method SeoglossaryHelper::getGlossariesList() should not be called statically, assuming $this from incompatible context in /home/lakesh/public_html/components/com_seoglossary/views/glossaries/view.html.php on line 39

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/helpers/seoglossary.php on line 821

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/helpers/seoglossary.php on line 822

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 25

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/models/glossaries.php on line 217

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/models/glossaries.php on line 238

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/helpers/seoglossary.php on line 97

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/views/glossaries/tmpl/default.php on line 29

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/models/glossaries.php on line 250

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/views/glossaries/tmpl/default.php on line 58

Insurance Glossary

There are 155 entries in this glossary.
Search for glossary terms (regular expression allowed)
Begin with Contains Exact termSounds like

Glossaries

All A B C D E F G H I J K L M O P Q R S T U V W X Y Z
Term Definition

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 25

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 34
Accidental Death Benefit

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/plugins/content/seoglossary/seoglossary.php on line 223

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/plugins/content/seoglossary/seoglossary.php on line 225

In a life insurance policy, benefit in addition to the death benefit paid to the beneficiary, should death occur due to an accident. There can be certain exclusions as well as time and age limits.


Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 25

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 34
Activities of Daily Living

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/plugins/content/seoglossary/seoglossary.php on line 223

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/plugins/content/seoglossary/seoglossary.php on line 225

Bathing, preparing and eating meals, moving from room to room, getting into and out of beds or chairs, dressing, using a toilet.


Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 25

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 34
Actual Cash Value

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/plugins/content/seoglossary/seoglossary.php on line 223

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/plugins/content/seoglossary/seoglossary.php on line 225

Cost of replacing damaged or destroyed property with comparable new property, minus depreciation and obsolescence. For example, a 10-year-old sofa will not be replaced at current full value because of a decade of depreciation.


Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 25

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 34
Actuary

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/plugins/content/seoglossary/seoglossary.php on line 223

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/plugins/content/seoglossary/seoglossary.php on line 225

A specialist in the mathematics of insurance who calculates rates, reserves, dividends and other statistics. (Americanism: In most other countries the individual is known as "mathematician.")


Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 25

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 34
Adjuster

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/plugins/content/seoglossary/seoglossary.php on line 223

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/plugins/content/seoglossary/seoglossary.php on line 225

A representative of the insurer who seeks to determine the extent of the insurer's liability for loss when a claim is submitted.


Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 25

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 34
Admitted Assets

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/plugins/content/seoglossary/seoglossary.php on line 223

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/plugins/content/seoglossary/seoglossary.php on line 225

Assets permitted by state law to be included in an insurance company's annual statement. These assets are an important factor when regulators measure insurance company solvency. They include mortgages, stocks, bonds and real estate.


Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 25

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 34
Agent

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/plugins/content/seoglossary/seoglossary.php on line 223

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/plugins/content/seoglossary/seoglossary.php on line 225

Individual who sells and services insurance policies in either of two classifications:

  1. Independent agent represents at least two insurance companies and (at least in theory) services clients by searching the market for the most advantageous price for the most coverage. The agent's commission is a percentage of each premium paid and includes a fee for servicing the insured's policy.
  2. Direct or career agent represents only one company and sells only its policies. This agent is paid on a commission basis in much the same manner as the independent agent.

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 25

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 34
Aggregate Limit

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/plugins/content/seoglossary/seoglossary.php on line 223

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/plugins/content/seoglossary/seoglossary.php on line 225

Usually refers to liability insurance and indicates the amount of coverage that the insured has under the contract for a specific period of time, usually the contract period, no matter how many separate accidents might occur.


Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 25

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 34
Annuitization

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/plugins/content/seoglossary/seoglossary.php on line 223

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/plugins/content/seoglossary/seoglossary.php on line 225

Process by which you convert part or all of the money in a qualified retirement plan or nonqualified annuity contract into a stream of regular income payments, either for your lifetime or the lifetimes of you and your joint annuitant. Once you choose to annuities, the payment schedule and the amount is generally fixed and can't be altered.


Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 25

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 34
Annuitization Options

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/plugins/content/seoglossary/seoglossary.php on line 223

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/plugins/content/seoglossary/seoglossary.php on line 225

Choices in the way to annuities. For example, life with a 10-year period certain means payouts will last a lifetime, but should the annuitant die during the first 10 years, the payments will continue to beneficiaries through the 10th year. Selection of such an option reduces the amount of the periodic payment.


Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 25

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 34
Annuity

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/plugins/content/seoglossary/seoglossary.php on line 223

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/plugins/content/seoglossary/seoglossary.php on line 225

An agreement by an insurer to make periodic payments that continue during the survival of the annuitant's) or for a specified period.


Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 25

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 34
Attained Age

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/plugins/content/seoglossary/seoglossary.php on line 223

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/plugins/content/seoglossary/seoglossary.php on line 225

Insured's age at a particular time. For example, many term life insurance policies allow an insured to convert to permanent insurance without a physical examination at the insured's then attained age. Upon conversion, the premium usually rises substantially to reflect the insured's age and diminished life expectancy.


Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 25

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 34
Automobile Liability Insurance

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/plugins/content/seoglossary/seoglossary.php on line 223

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/plugins/content/seoglossary/seoglossary.php on line 225

Coverage if an insured is legally liable for bodily injury or property damage caused by an automobile.


Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 25

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 34
Benefit Period

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/plugins/content/seoglossary/seoglossary.php on line 223

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/plugins/content/seoglossary/seoglossary.php on line 225

In health insurance, the number of days for which benefits are paid to the named insured and his or her dependents. For example, the number of days that benefits are calculated for a calendar year consist of the days beginning on Jan. 1 and ending on Dec. 31 of each year.


Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 25

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/components/com_seoglossary/router.php on line 34
Captive Agent

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/plugins/content/seoglossary/seoglossary.php on line 223

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/plugins/content/seoglossary/seoglossary.php on line 225

Representative of a single insurer or fleet of insurers who is obliged to submit business only to that company, or at the very minimum, give that company first refusal rights on a sale. In exchange, that insurer usually provides its captive agents with an allowance for office expenses as well as an extensive list of employee benefits such as pensions, life insurance, health insurance, and credit unions.


Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/plugins/content/seoglossary/seoglossary.php on line 223

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/plugins/content/seoglossary/seoglossary.php on line 225

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/plugins/content/seoglossary/seoglossary.php on line 223

Strict Standards: Only variables should be assigned by reference in /home/lakesh/public_html/plugins/content/seoglossary/seoglossary.php on line 225
Lakeshore Insurance Solutions, Inc.
117 Gardner St
Two Rivers, WI 54241-3205
This email address is being protected from spambots. You need JavaScript enabled to view it.
Phone: 920-793-3991
Fax: 920-793-5606