|
|
Group insurance |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
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 MatchesNational InsuranceNational InsuranceA form of taxation, payable by employees, employers and the self employed, which is notionally to fund state benefits including pensions, sickness, unemployment and maternity. It is part of the state's social security system and ultimately controlled by the Department of Social Security. Permanent health insurance (PHI)Permanent health insurance (PHI)In return for regular premiums, PHI provides an income in the event of the policy holder contracting a long term illness or injury. There is no payment on death.Benefits are paid usually after a waiting period of several months or even a year known as the deferment period. During the deferment period the employer will often pay the employee's salary.The benefit payable will normally be no greater than 75% of earnings in the year preceding the disability and usually continue to retirement age. This is to encourage people to return to work in the event of partial or full recovery.If a claim becomes payable, the policy holder will receive payment free of tax during the year the disability occurs. This also applies for the subsequent tax year (6th April to 5th April). Cash value life insuranceCash value life insuranceA life insurance policy which pays a benefit on the death of the insured but which also provides a savings element where benefits are payable before death. Deposit insuranceDeposit insuranceIn the US, financial protection of certain bank and credit union accounts by way of insurance provided by a federal agency. Bank insurance up to specified limits is provided for funds on deposit in member banks by the Federal Deposit Insurance Corporation. Credit unions which are federally chartered are insured by the National Credit Union Administration. Personal accident insurancePersonal accident insuranceAn insurance policy which, in return for regular premiums, pays a specific sum in the event of death, loss of sight or limbs or other permanent disablement due to an accident. Further SuggestionsInsurance agentLife insurance policy Insurance settlement comprehensive insurance social security disability income insurance Bank Insurance Fund (BIF) Insurance principle Multiple peril insurance credit insurance Interest sensitive insurance policy Stock insurance company major medical expenses insurance Home Warranty Insurance accident insurance Insurance premium Federal Insurance Contributions Act single premium life insurance insurance premium National Insurance Pension (State Pension) participating life insurance Replacement cost insurance Annual renewable term insurance variable life insurance loss of income insurance Federal Deposit Insurance Corporation (fdic) |
|
|
|