Tag: plan

DefinitionIn the United States, a health maintenance organization is a medical insurance group that provides health services for a fixed annual fee. It is...

DefinitionHealth insurance is insurance that covers the whole or a part of the risk of a person incurring medical expenses, spreading the risk over...

What is 'Hardship Withdrawal' An emergency withdrawal from a retirement plan that may be subject to certain tax or account penalties. In...

DefinitionIn economics, hyperinflation is very high and typically accelerating inflation. It quickly erodes the real value of the currency, as the prices of most...

What is 'Yearly Renewable Group Term Insurance ' A type of insurance policy purchased by employers to cover several people at a...

What is 'Yearly Renewable Term Plan of Reinsurance' A type of life reinsurance where mortality risks are transferred to a reinsurer. In...

What is 'In-Service Withdrawal' A withdrawal made from a qualified plan account before the holder experiences a triggering event. A triggering event,...

DefinitionAn individual retirement account is a form of "individual retirement plan", provided by many financial institutions, that provides tax advantages for retirement savings in...

What is an 'Immediate Family' Immediate family members usually include a person’s parents, spouse, children and siblings. A person’s grandparents, grandchildren, in-laws...

What are incentive stock options (ISOs)? Incentive stock options (ISOs) are a type of employee stock option that offers certain tax advantages. ISOs are only...