Like a lot of industries, insurance and benefits has its own language. So to better aid your understanding of some of the garble-di-goop that we insurance geeks use, we've compiled a number of definitions for you.
While this list is pretty exhaustive, if there's something we've missed or anything at all that you're unclear about - please phone us - we don't bite!
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Appreciation Increase over time in the value of an asset such as a stock, bond, commodity, or real estate.
Assets Property owned by a business, institution, or individual, such as cash, investments, personal property, real estate, and ownership in a business, that has a present market value or worth.
Assignee The party to whom an assignment (a transfer of property or rights to property) has been granted.
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Association Plan A group insurance policy purchased by an association or organization to provide coverage for its members.
At-Risk Property and assets exposed to the danger of loss.
Attained Age A person's age at any point in time, determined for life insurance purposes, often expressed as the age reached at the last birthday. |
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