September 27, 2007 
TAX SHELTERED ANNUITY (TSA)
In the United States, a retirement annuity sold only to organizations offering qualified retirement plans under section 403(b) of the U.S. Internal Revenue Code.
TAX-DEFERRED BASIS
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Insurance discussion and general information
Insurance Definitions T-Z
Insurance Definitions P-S
PACKAGE POLICY
A single insurance policy that combines several coverages previously sold separately. Examples include homeowners insurance and commercial multiple peril insurance.
PAID-UP ADDITIONAL INSURANCE OPTION
Ten Most asked Question - Continued
2.
Q: My ______ (fill in the blank) died and we can’t find their life insurance policies. Where can I find this information?
A: There is
Insurance Definitions L-O
L-SHARE VARIABLE ANNUITIES
A form of variable annuity contract usually with short surrender periods and higher mortality and expense risk charges.
LADDERING
A technique that
Insurance Definitions H-K
HACKER INSURANCE
A coverage that protects businesses engaged in electronic commerce from losses caused by hackers.
HARD MARKET
A seller’s market in which insurance is expensive and in short supply.
Insurance Definitions D-G
DEATH BENEFIT
(1) For a life insurance contract, the amount of money paid by an insurer to a beneficiary when a person insured under the life insurance policy dies. (2) For an annuity contract, the amount of money paid to a beneficiary if the contract owner dies before the annuity payments begin.
DECLARATION
Part of a property or […]
Insurance Definitions A-C
A-SHARE VARIABLE ANNUITY
A form of variable annuity contract where the contract holder pays sales charges up front rather than eventually having to pay a surrender charge.
ABSOLUTE ASSIGNMENT
An irrevocable transfer of complete ownership of a life insurance policy or an annuity from one party to another. Contrast with collateral assignment.
ACCELERATED DEATH BENEFITS
A life insurance policy option […]
Welcome to Insurance Yak
This new site is dedicated to the discussion of insurance and related issues. Readers of Ohio Insurance Forum will recognise postings that I’ve done in the past and look forwards to new articles. I welcome any insurance professional to contribute articles on any related topic. Over time, I will be developing a list of recommended […]
