Wholesale Insurance

Definition

  • A method for an employer to provide coverage for employees when a company does not have enough employees to justify a group insurance plan. While a wholesale insurance policy will cover an entire group, each employee is written an individual policy. Also known as "franchise insurance."

Synonyms
franchise insurance

Related Terms and Acronyms

  • Franchise Definition,
    • The right to sell products or services under a corporate name or trade mark (established by someone else). This right is usually purchased for cash in addition to a royalty fee on, or a percentage of, all sales.
  • Group Health Insurance Plan Definition,
    • Health insurance that covers a large group of people, often as part as a employee benefit package.
  • Insurance (insur) Abbreviation,
    • An arrangement where one party provides financial protection to another party for specific damages or losses.
  • Without Evidence of Insurability Definition,
    • Applying for insurance coverage without the insurer requiring the individual to take a medical examination.
Compare. Calculate. Apply today.
Compare Mortgage RatesMortgage CalculatorsApply for a Mortgage