Tag: policies
The Evolving Landscape of Business Insurance: Trends to Watch
Business insurance, just like many industries today, is on a crash course for the future. Every business, from providers to brokers, is working to...
Understanding the Differences Between Single vs. Joint Life Insurance
As you enter adulthood, you’re hit with a bevy of new terms. What’s a mortgage rate? What are non-refundable tax credits? What are executors,...
The Different Types of Insurance Policies: Explained
An insurance policy is a contract between an insurer and an insured, where the insurer promises to pay the insured for certain losses in...
Keynesian Economics
DefinitionKeynesian economics are the various macroeconomic theories about how in the short run – and especially during recessions – economic output is strongly influenced...
Hawk
What is a 'Hawk' A hawk, also known as an inflation hawk, is a policymaker or advisor who is predominantly concerned with...
Yearly Renewable Group Term Insurance
What is 'Yearly Renewable Group Term Insurance ' A type of insurance policy purchased by employers to cover several people at a...
Yearly Renewable Term Plan of Reinsurance
What is 'Yearly Renewable Term Plan of Reinsurance' A type of life reinsurance where mortality risks are transferred to a reinsurer. In...
Import Substitution Industrialization – ISI
DefinitionImport substitution industrialization is a trade and economic policy which advocates replacing foreign imports with domestic production. ISI is based on the premise that...
Named Beneficiary
What is 'Named Beneficiary' This term refers to any beneficiary named in a will, a trust, an insurance policy, pension plan accounts,...
Nanny Tax
DefinitionThe combination of payroll taxes withheld from a household employee and the employment taxes paid by their employer are commonly referred to as the...