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Words related to insurance

in·sur·ance
I i

  • casualty insurance

    insurance providing coverage against accident and property damages, as automobile, theft, liability, and explosion insurance, but not including life insurance, fire insurance, or marine insurance.

  • convertible insurance

    any form of life or health insurance, either individual or group, that enables the insured to change or convert the insurance to another form, as term to whole life insurance or group to individual health insurance.

  • ordinary life insurance

    life insurance with premiums paid throughout the lifetime of the insured.

  • term life insurance

    life insurance for which premiums are paid over a limited time and that covers a specific term, the face value payable only if death occurs within that term.

  • universal life insurance

    a type of insurance in which the payments of the insured are placed in an investment fund, earnings from which pay the premium on term life insurance while any remainder continues to increase the policy's value.

  • bank deposit insurance

    the protection of bank deposits against the insolvency of banks in the U.S., up to a specified maximum per account that is revised periodically, under special insurance through the Federal Deposit Insurance Corporation.
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