Terms with Tag Insurance

  • Supplementary Liability Insurance (SLI)Acronym, Important,
    • Surrender Charge Definition,
      • A charge levied when a life insurance policyholder cancels his or her policy.
    • Surrender Charge Notice (SCN)Acronym,
      • Surrender Rights Definition,
        • The contractual right for a life insurance or annuity policyholder to cancel his or her policy.
      • Survival Analysis Definition,
        • A statistical analysis of how likely someone or something will survive to a set date.
      • Systemic Vascular Resistance (SVR)Acronym,
          Blood pressure measurement.
        • Temporary Disability Insurance (TDI)Acronym,
          • Temporary Insurance Agreement (TIA)Acronym, Important,
            • Temporary Total Disability (TTD)Acronym, Important,
              • Term Definition,
                • The length of time you commit to repay a lender or bank at an agreed upon interest rate and payment schedule. The interest rate usually remains constant during this term unless the commitment states otherwise. For example, a five year fixed rate mortgage has a term of five years.
              • Term Life Insurance Definition,
                • Life insurance that provides coverage for a set period of time, often from five to forty years.
              • Third Party Liability Insurance (TPLI)Acronym,
                • Third-party Administrator (TPA) Acronym, Important,
                  • A claims administrator that is hired to process insurance claims and/or employee benefits for another party.
                • Title Binder Definition,
                  • Insurance that covers both the buyer and seller of a property until the property has sold.
                • Title Insurance Definition,
                  • Insurance that covers title defects and ownership challenges on a property.
                • Title Report Definition,
                  • A report that reveals any competing claims, liens, or other problems relating to a property. A title report is required before title insurance will be issued. Also known as a "Preliminary Title Report" or "Prelim."
                • Total Admitted Assets Definition,
                  • What assets an insurance company is legally allowed to include when determining its financial solvency.
                • Total Disability Waiver of Premium (TDWP)Acronym,
                  • Total Insurable Value (TIV)Acronym,
                    • Total Loss (Ltot, TL) Acronym & Abbreviation,
                      • When as asset is considered to be damaged beyond repair.
                    • Transferable Insurance Policy Definition,
                      • A life insurance policy that can be sold to another party through a viatical settlement.
                    • Travel Insurance Definition, Very Important,
                      • Insurance that covers a number of events that can occur when an individual is travelling out of the province or country.
                    • Tuition Insurance Definition,
                      • Insurance that covers tuition costs if a student is required to leave school in the middle of a semester.
                    • Two Year Income for Disability (2YID)Acronym,
                      • Two-Tier Healthcare Definition,
                        • A situation where public healthcare is available to all people, but private healthcare can be purchased by those who want it.
                      • Ultimate Mortality Table Definition,
                        • A mortality table that does not include information from people who have been approved for life insurance recently.
                      • Ultimate Net Loss (UNL) Acronym,
                        • The final sum that an insurer is required to pay a policyholder after they have filed a valid claim.
                      • Umbrella Insurance Definition,
                        • Insurance used to cover different types of property in a single policy.
                      • Unaffiliated Investments Definition,
                        • Investments in assets made by an insurance company where they have no control over the assets.
                      • Unallocated Benefit Definition,
                        • A requirement for health insurance policyholders to pay reasonable hospital expenses out of pocket to a certain limit.
                      Compare. Calculate. Apply today.
                      Compare Mortgage RatesMortgage CalculatorsApply for a Mortgage