Terms with Tag Insurance
- Utilization — Definition,
- How frequently a policyholder makes use of their insurance policy.
- Validation Period — Definition,
- The amount of time needed before an insurance policy turns a profit for an insurance company.
- Valuable Papers Insurance — Definition,
- Insurance that covers damages to valuable papers such as property deeds or wills.
- Valuation — Definition,
- The estimation of a property's price value through an appraisal.
- The process of finding the worth of an asset or business.
- Valuation Clause — Definition,
- A clause in an insurance contract that states how much an insurer is willing to pay for an asset after an insured event.
- Valuation Reserve — Definition,
- A financial reserve kept by an insurer in case a liability is larger than expected or an insurer's investments or assets are overvalued.
- Value Reporting Form — Definition,
- A form used to keep track of a business's current inventory value.
- Valued Marine Policy — Definition,
- Insurance that covers a marine asset up to a specified amount.
- Vandalism and Malicious Mischief Coverage — Definition,
- Insurance that covers property owners for damages resulting from acts of vandalism.
- Vanishing Premium Policy — Definition,
- A life insurance policy where policy dividends are used to pay the policy's premiums.
- Variable Adjustable Life Insurance (VAL) — Acronym,
- Variable Death Benefit — Definition,
- A life insurance death benefit that differs depending on how well the insurance company's investment portfolio fares.
- Variable Life (VL) — Acronym,
- Life insurance that provides the policyholder the option to place some of his or her premiums into the insurer's investment portfolio, providing beneficiaries with a variable death benefit.
➥ An insurance policy. - Variable Life Insurance (VLI) — Acronym,
- Life insurance that provides the policyholder the option to place some of his or her premiums into the insurer's investment portfolio, providing beneficiaries with a variable death benefit.
- Variable Universal Life Insurance (VULI) — Acronym, Important,
- A form of life insurance with adjustable premiums, flexible investment options, and tax efficiency.
- Variable Whole Life (VWL) — Acronym, Very Important,
- Viatical Settlement — Definition,
- A contract where an individual agrees to sell his or her life insurance policy to a third party before their death.
- Viator — Definition,
- A person who agrees to sell his or her life insurance policy to a third party.
- Voluntary Accidental Death and Dismemberment (VADD) — Acronym, Important, ➥ A life insurance benefit that applies to an employee and their family.
- Voluntary Disability Insurance (VDI) — Acronym,
- Voluntary Life Insurance — Definition,
- Life insurance offered as part of an employee benefit package where the employee agrees to pay the insurance premiums.
- Voluntary Long-Term Disability Insurance (VLTD) — Acronym,
- Voluntary Plan Disability Insurance (VPDI) — Acronym,
- Voluntary Reserve — Definition,
- A reserve kept by an insurer for future claims that is larger than is required by government regulations.
- Voyage Policy — Definition,
- Insurance that covers assets being transported by sea.
- Waiting Period — Definition,
- The amount of time that must pass before something occurs.
- Waiver of Inventory — Definition,
- An option for an insurance company to choose not to inventory undamaged assets after a claim.
- Waiver of Premium — Definition,
- A clause that allows an insurer to waive a policyholder's premiums while still keeping the policy in effect.
- Waiver of Restoration Premium — Definition,
- A provision that frees an insurance policyholder from needing to pay a fee in order to resume coverage after a claim.
- Water Damage Insurance — Definition,
- Insurance that covers water damage to insured property.
24.
Utilization -
Voyage Policy
Voyage Policy
