Tag: insurance

What is 'Death Benefit' Death benefit is the amount on a life insurance policy, annuity or pension that is payable to the...

What is 'Underinsured Motorist Endorsement' An added provision or attachment to an automobile insurance policy that provides insurance coverage to the policyholder...

What is 'Wealth' Wealth measures the value of all the assets of worth owned by a person, community, company or country. Wealth...

What is a 'Passive Foreign Investment Company - PFIC' A passive foreign investment company (PFIC) is a foreign-based corporation that exhibits either...

What is 'Uncollected Funds' The amount of a bank deposit that comes from checks that have yet to be cleared by the...

What is 'Unauthorized Insurance' A phony plan that claims to provide financial protection against unforeseen and potentially catastrophic events. Unauthorized insurance is...

What is net loss Net loss is defined as the value of a company's total expenses minus its total revenue. In other words, it is...

What is 'Unauthorized Investment' Any investment that has not been specifically authorized by a legal trust. Unauthorized investments can technically meet statutory...

There are a lot of risks associated with working with an unauthorized insurer. In fact, it's often a bad idea to do so. However,...

What is Umbrella Insurance and what does it cover An Umbrella insurance policy is an insurance policy that provides additional coverage beyond the limits of...