Tag: insurance

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...

What is 'Umbrella Personal Liability Policy' A type of insurance policy that provides excess coverage above and beyond the liability coverage amounts...

Most people have heard of unallocated benefits, but don't really know what they are or how they work. In this post, we will explore...

What is underinsurance and why do people buy it Underinsurance is insurance that does not cover the full value of an insured asset. For example,...

What is retention and why does it matter for businesses Retention is a measure of how well a business can keep its customers over time....

What is 'Unconditional Vesting' Pension benefits that are entitled to the employee without any restrictions. The employee is fully entitled to the...

What is 'Ultimate Mortality Table' A mortality table that lists the death rates of insured persons of each sex and age group...

What is 'Uberrimae Fidei Contract' A legal agreement requiring the highest standard good faith. "Uberrimae fidei" or "uberrima fides" is Latin for...

What is 'Underwater' An option that would be worthless if it expired today. An underwater option may be either a call or...