Tag: insurance

What is Custodial Care?
Non-medical care that helps individuals with his or her activities of daily living, preparation of special diets and self-administration of medication not requiring constant attention of medical personnel. Providers of custodial care are not required to undergo medical training. Read more for examples and further explanation including related video clips and also comments
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What is Accidental Death And Dismemberment Insurance – AD&D?
A rider attached to a life or health insurance policy. AD&D covers death by accidental means (rather than natural causes) and dismemberment, which includes loss of the use of certain body parts (including limbs or eyesight.)

These riders are usually written in such a way that the insurer must pay double the amount payable otherwise, or a specific amount of continous income payments, and are sometimes called double indemnity riders. AD&D insurance is often offered by employers as an extra option on group health plans. Read more for examples and further explanation including related video clips and also comments
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What is Decreasing Term Insurance?
A type of annual renewable term life insurance that provides a death benefit that decreases at a predetermined rate over the life of the policy. Premiums are usually constant throughout the contract, and reductions in policy payout will typically occur monthly or annually. Term lengths can range anywhere between one and 30 years.

May also be called “”mortgage life insurance””. Read more for examples and further explanation including related video clips and also comments
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What is Eligible Contract Participant?
A group or individual allowed to engage in financial transactions not open to retail customers. The Commodity Exchange Act outlines the requirements for eligibility, stating that those seeking to become eligible contract participants must have sufficient regulated status or a specified amount of assets. Read more for examples and further explanation including related video clips and also comments
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What is Redlining?
The unethical practice whereby financial institutions make it extremely difficult or impossible for residents of poor inner-city neighborhoods to borrow money, gain approval for a mortgage, take out insurance or gain access to other financial services because of high default rates. In this case, the rejection does not take the individual’s qualifications and creditworthiness into account. Read more for examples and further explanation including related video clips and also comments
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