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| Definitions by InvestorWords.com |
| What is...? |
| insurance A promise of compensation for specific potential future losses in exchange for a periodic payment. see also life insurance, health insurance, auto insurance, homeowner's insurance, accidental death benefit, actuary, life expectancy, mortality tables, adjustable life insurance, admitted carrier, annuity, bare, blanket bond, casualty insurance, catastrophic coverage, claim, comprehensive insurance, Federal Insurance Contributions Act, guaranteed insurability, credit life insurance, deductible, Federal Deposit Insurance Corporation, eligibility requirements, endowment insurance, excess insurance, executive indemnity insurance, fixed cost, group insurance, guaranteed investment contract, key person insurance, level premium insurance, liability insurance, umbrella liability insurance, loading, Major Medical Insurance, mortgage insurance, mortgage life insurance, municipal bond insurance, Municipal Bond Insurance Association, no-fault, performance bond, portfolio insurance, private mortgage insurance, reduced paid-up insurance, replacement cost insurance, risk transfer, Savings Association Insurance Fund, second-to-die insurance, self insurance, term insurance, title insurance, underinsured. |
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