insurance

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Related to life insurance: whole life insurance, Term life insurance

in·sur·ance

(in-shūr'ans),
Coverage against financial loss, such as from illness or injury, procured by contract from a company or agency that provides such protection.
[Fr., fr. enseurer, to make certain, fr. L. securus, safe, free from care]

insurance

Vox populi A contractual relationship when one party–an insurance company or underwriter, in consideration of a fixed sum–a premium, agrees to pay on behalf another–an insured, or policyholder for covered losses, up to the limits purchased, caused by designated contingencies listed in the policy. See Adoption insurance, Cancer insurance, Catastrophic health insurance, Co-insurance, Comprehensive major medical insurance, Disability insurance, Group insurance, Hospitalization insurance, Indemnity insurance, Major medical insurance, Medical expense insurance, Medicare supplement insurance, National health insurance, Nationalized health insurance, Noncancellable insurance, Personal insurance, Reinsurance, Self-insurance, Workers compensation insurance.

in·sur·ance

(in-shŭr'ăns)
A contractual arrangement whereby one party agrees to indemnify the other against financial or other specified loss during a stated period in the future.

in·sur·ance

(in-shŭr'ăns)
Coverage against financial loss procured by contract from a company that provides such protection.

Patient discussion about insurance

Q. what is public health insurance

A. Public health insurance programs in the U.S. provide the primary source of health expenses coverage for most seniors and for low-income children and families who meet certain eligibility requirements. The primary public programs are Medicare, a federal social insurance program for seniors and certain disabled individuals and Medicaid, funded jointly by the federal government and states but administered at the state level, which covers certain very low income children and their families. In 2006, there were 47 million people in the United States (16% of the population) who were without health insurance for at least part of that year.

Q. I need help getting health insurance is it expensive?

A. I am currently looking for insurance too. Do have you applied for public health insurance?

Q. I AM WONDERING ABOUT GETTING HEALTH INSURANCE IS IT EXPENSIVE FOR A FAMILY?

A. Yes, it'll you cost you money, and not a negligible sum, but that's not necessarily means it'll be expensive - the alternative may eventually be much more expensive. We can never know what will happen tomorrow- if something will happen to you or your family (e.g. car accident, cancer or even relatively simple thing as appendicitis), the cost of the unavoidable medical treatment in this case will be much higher than the insurance premium.

Here (http://www.ahrq.gov/consumer/insuranceqa/) you can find an official governmental guide to choosing health insurance.

More discussions about insurance
References in periodicals archive ?
With this revolutionary development in place, credit union members will likely be much more receptive to pursuing life insurance offerings.
This report provides a comprehensive analysis of the life insurance segment in Canada:
"Many types of life insurance are available to meet different needs and budgets," says Johnson.
The rest of the article is structured as follows: "Literature Review on Life Insurance Demand" reviews the literature regarding the demand for life insurance products; "Determinants of Life Insurance Demand" develops an empirical model of life insurance demand; the next section presents the data; "Empirical Result" provides and discusses the empirical results; the final section concludes.
With in-force life insurance policy that no longer is needed/wanted/ affordable
Variable life insurance is suitable for younger, risk-tolerant investors because it includes a more volatile mix of mutual funds, bonds, and stock investments and does not offer a guaranteed return.
This limitation implies that a purchased life insurance policy does not have future benefits above its cash surrender valued--but the purchaser clearly is paying more precisely because it does have greater benefits.
Every financial and estate plan should address the amount and type of life insurance required to meet the plan's objectives.
Further, in "The Life Insurance Business in its Formative Years" Clark discusses the occasional banking activities of insurance companies.
In real estate, timing is everything, and the right type of life insurance policy essentially serves as a letter of credit, providing money just when it is most needed.
Even if the proceeds of your life insurance policy aren't needed to satisfy estate taxes, there's little reason not to put it into a trust.
A viatical settlement is a contract that allows an individual with a relatively short life expectancy to sell a life insurance policy for cash to a third party - an individual or business entity - at a discounted value of the policy's face value.

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