Tag: insurance
Underlying Retention
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....
Unconditional Vesting
What is 'Unconditional Vesting' Pension benefits that are entitled to the employee without any restrictions. The employee is fully entitled to the...
Ultimate Mortality Table
What is 'Ultimate Mortality Table' A mortality table that lists the death rates of insured persons of each sex and age group...
Uberrimae Fidei Contract
What is 'Uberrimae Fidei Contract' A legal agreement requiring the highest standard good faith. "Uberrimae fidei" or "uberrima fides" is Latin for...
Umbrella Personal Liability Policy
What is 'Umbrella Personal Liability Policy' A type of insurance policy that provides excess coverage above and beyond the liability coverage amounts...
Unallocated Benefit
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...
Underwater
What is 'Underwater' An option that would be worthless if it expired today. An underwater option may be either a call or...
Umpire Clause
What is 'Umpire Clause' The language in an insurance policy that provides for a means of resolution by an unbiased third party...
National Organization Of Life And Health Insurance Guaranty Associations (NOLHGA)
What is 'National Organization Of Life And Health Insurance Guaranty Associations - NOLHGA' NOLHGA is a voluntary organization of U.S. life- and...
Premium Definition
Premium, in the simplest of terms, is the total cost of any option. It is basically the sum of your option’s time and intrinsic...