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Group insurance |
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Group insuranceInsurance provided for company employees by employers. Items covered may include health insurance, disability insurance and term life insurance. It would be considerably more expensive for a single employee to obtain such insurance.Group insuranceInsurance coverage for a group, which can usually be obtained at a cheaper rate than insurance for an individual.Group insurance Similar MatchesDisability income insuranceDisability income insuranceInsurance which provides an income to policyholders when they are unable to work due to an illness or injury.Disability payments to insured people, which normally commence after a set period (the elimination period), are usually tax free provided the premium payments are up to date. Contents insuranceContents insuranceInsurance which gives cover in respect of the contents of a home. This includes damage, theft or loss of items such as carpets, furniture, freezer contents, jewellery and cash etc. It is usual for the insurers to specify a maximum claim limit for each section of items covered. This information is listed on the policy schedule issued by the insurers. Contents insurance can be linked with buildings insurance in a combined policy provided by a single company. Mortgage payment protection insurance (MPPI)Mortgage payment protection insurance (MPPI)An MPPI policy pays your mortgage for you if you become unable to work for an extended period of time, as a result of redundancy, accident, sickness or disability. It should provide enough income to cover all your monthly mortgage expenses. If you have a repayment mortgage, this should be your capital and interest repayment and if you have an interest-only mortgage, the MPPI should cover your interest payment as well as your normal monthly contribution to the investment vehicle that will repay your loan. Disability income insuranceDisability income insuranceAn insurance policy that insures a worker in the event of an occupational mishap resulting in disability. Insurance benefits compensate the injured worker for lost pay. Whole life insuranceWhole life insuranceIn the US, a life insurance policy, with level premiums, which provides a stated benefit on the death of the life insured and a savings element which accumulates a cash value. The dividends or interest are allowed to build up tax-deferred. The insured is able to redeem the cash value or borrow against it in what is known as a policy loan. Any part of a loan which is unpaid at the death of the insured is deducted from the face value. Further SuggestionsInsurance claimparticipating life insurance reinsurance Private Mortgage Insurance Bank Insurance Fund (BIF) Liability insurance Insurance excess liability insurance private medical insurance third party insurance social security disability income insurance household insurance Nonparticipating life insurance policy Insurance broker Homeowners insurance policy Federal Deposit Insurance Corporation (FDIC) Insurance premium wedding insurance personal accident and sickness insurance Contents insurance insurance Buildings and contents insurance Level term insurance Insurance Uninsured motorist insurance |
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