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insurance
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   Also found in: Dictionary/thesaurus, Medical, Legal, Financial, Encyclopedia, Wikipedia 0.01 sec.

insurance

Contract guaranteeing compensation to the payer of periodic premiums against loss (under stipulated conditions) by fire, death, accident, and the like. Various consumer policies also insure legal or health services, paying bills or portions thereof, within the contracted conditions. Insurance is a major component of business activity, covering potential loss of property, inventory, or goods in transit.

During the Gulf War between Iran and Iraq 1987–88, it was the refusal of insurance companies to cover losses sustained by acts of war that dissuaded oil tankers from passing through the zone of hostilities.



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Says the Pru's Retirement Insurance Director, Ali Crossley: "Those of us retiring after the Class of 2008 will perhaps not be so lucky unless we take action to plan for retirement".
In a statement, State Street said it is "extremely disappointed by Prudential Retirement Insurance and Annuity Co.
The criteria are also similar to determining other family member beneficiaries for retirement insurance as provided below: - Spouse who is already over 62 years old - Spouse who is of any age and caring for children or a child under 16 years old - Spouse who is of any age and caring for a child with disability before the 22 years old - Divorced spouse over 62 years old.
 
 
 
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