DEFINITION: A 1035 exchange is the tax-free exchange of one form of annuity or life insurance contract for another, with the policyholder and insured…
DEFINITION: A home insurance quotation is an estimate of the amount you’ll pay for a homeowners policy. A home insurance quotation is an estimate of …
DEFINITION: A waiver of subrogation is a clause you may add to your insurance policy for your customers that relinquishes your insurance company’s ab…
DEFINITION: An insurance adjuster is a person who manages claims for an insurance company or insurance policyholder. Adjusters evaluate settlement am…
DEFINITION: Compensatory damages are monetary awards awarded to a plaintiff that are designed to compensate them for any loss or harm. Important Take…
DEFINITION: A flexible spending account (FSA) is an employer-sponsored savings account that helps workers pay some out-of-pocket medical or dependent…
DEFINITION: Insurance may help you pay the cost of unforeseen life occurrences, including as automobile accidents, medical expenditures, or damage to…
DEFINITION: Coinsurance is the proportion of health care services expenses you must pa…
Insurance policy documentation provide the nuts and bolts of your coverage. They explain out your policy’s terms and conditions, and they’re a refere…
Are you taking care of a family member with a handicap who’s struggling to handle the…