February 27, 2007
Installment Refund Annuity Option
The beneficiary continues to receive the annuity until the entire premium amount has been paid out.
Filed under Money Glossary by Tracy Phaup
February 22, 2007
Group Insurance Conversion
An employee has 31 days after leaving the company to request conversion of their group life insurance to an individual policy.
Filed under Money Glossary by Tracy Phaup
February 17, 2007
Minimum Number for Group Insurance
In Florida the minimum number of people required to qualify for group insurance is one.
Filed under Money Glossary by Tracy Phaup
February 14, 2007
Noncontributory Group Plan
The employer receives a master policy and the employees receive a certificate of insurance.
Filed under Money Glossary by Tracy Phaup
February 5, 2007
Credit Life Program
The creditor is the beneficiary to the amount of the outstanding loan balance.
Filed under Money Glossary by Tracy Phaup
