Business and Personal Finance Dictionary

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• INSURANCE COVERAGE - Term to describe the monetary limits and risks covered as set out in a contract or...
  
  
• INSURANCE DIVIDEND - Money paid annually to policyholders participating in cash value life insurance po...
  
  
• INSURANCE FEE - A fee charged to borrowers by the loan’s insurer to insure the loan. It is usually a ce...
  
  
• INSURANCE IDENTIFICATION CARD - Also called an I.D. card. A wallet-sized card issued by an insurance co...
  
  
• INSURANCE POLICY - A contract detailing an insurance policy and outlining what risks are insured, what ...
  
  
• INSURANCE PREMIUM - The amount you must pay at specified intervals (e.g. monthly or semi-annually) to t...
  
  
• INSURANCE PRINCIPLE - The law of averages. The average outcome for many independent trials of an experi...
  
  
• INSURANCE SETTLEMENT - The payment of proceeds by an insurance company to the insured to settle an insu...
  
  
• INSURANCE TRUST - You set up an insurance trust to own a life insurance policy on your life. When you d...
  
  
• INSURED - The property or persons covered by an insurance policy.