Terms with Tag Insurance
- Maximum Insurance Limit (MIL) — Acronym,
- Medical Loss Ratio — Definition,
- A method of comparing the medical costs paid to the premiums earned by an insurance company in a specific period of time.
- Medical Specialist — Definition,
- A doctor with training in a specific medical field.
- Mid-Term Adjustment (MTA) — Acronym,
- Minimum Earned Premium (MEP) — Acronym,
- Minimum Guaranteed Death Benefit (MGDB) — Acronym,
- The minimum amount of money promised to be awarded to a beneficiary, provided all premiums have been paid.
➥ More commonly referred to as a Guaranteed Minimum Death Benefit (GMDB). - Mis-selling — Definition,
- The act of misleading a client into buying a product or service by deliberately misrepresenting the aforementioned product or service.
- Miscellaneous Professional Liability (MPL) — Acronym,
- Modified Policy Code (MPC) — Acronym,
- Modified Policy Memo (MPM) — Acronym,
- Modified Policy Text (MPT) — Acronym,
- Monetary Value — Definition,
- A property's monetary value is its worth if sold at this moment in time.
- Morbidity Rate — Definition,
- A measurement of how prevalent a medical condition or disease is.
- Mortality and Expense Risk Charge — Definition,
- A charge sometimes applied to reimburse an insurer for the risks in a policy.
- Mortality Rate — Definition,
- A measurement of how many people in a particular population set and in a particular period of time die.
- Mortgage Disability Insurance — Definition, Important,
- Insurance that covers mortgage payments if a policyholder becomes disabled.
- Mortgage Indemnity Guarantee Premium (MIGP) — Acronym,
- Mortgage Insurance — Definition, Very Important,
- Insurance that protects a lender if a homeowner fails to pay off his or her mortgage.
- A policy covering a mortgagor from which the benefits are intended (a) to pay off the balance due on a mortgage upon the death of the insured, or (b) to meet the payments on a mortgage as they fall due in the case of his death or disability.
➥ CanEquity offers mortgage insurance. - Mortgage Life Insurance — Definition, Very Important,
- Insurance that covers the costs of paying off a mortgage if the insured dies or becomes disabled.
- Mortgage Payment Protection Insurance (MPPI) — Acronym,
- Motor Vehicle Pollution Liability (MVPL) — Acronym,
- Multiline Insurance Policy — Definition,
- A combination of different insurance policies that are rolled into a single insurance policy.
- Municipal Hail Insurance Act (MHIA) — Acronym, Saskatchewan, Canada,
- Mutual Insurance Company — Definition,
- An insurance company where the each policyholder is a part owner of the company.
- Mutual Mortgage Insurance (MMI) — Acronym,
- Named Perils — Definition,
- Risks that are specifically listed as being covered in an insurance policy.
- Named Perils Insurance Policy — Definition,
- Insurance that only provides coverage in the event of a loss from a peril specifically named in the insurance policy.
- Needs Approach — Definition,
- A way of determining how much life insurance an individual should purchase by examining the future obligations and needs of the beneficiaries.
- Net Cash Surrender Value (NCSV) — Acronym,
- Net Client Cash Flow (NCCF) — Acronym,
- The difference between money received from customers and money given back to customers during a given period of time.
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Maximum Insurance Limit -
Mutual Mortgage Insurance
Mutual Mortgage Insurance
