Insurance

A 1035 exchange is a tax-free exchange of certain types of insurance policies, annuities, and endowment contracts under Section 1035 of the Internal Revenue Code.

Understanding the concept of accepting risk in risk management, where a business or individual decides not to mitigate small or infrequent risks due to cost-analysis considerations.

AD&D Insurance is a form of coverage that provides financial benefits if an insured person dies accidentally or suffers a significant bodily injury that leads to dismemberment.

An Accidental Death Benefit is an optional insurance rider or clause that provides additional payment to the beneficiary, if the insured person dies as a result of an accident.

An actuarial life table, also known as a mortality table or life table, is a tool used to determine the probability of a person at a specific age dying before their next birthday, along with other vital statistics related to life expectancy and mortality rates.

An in-depth exploration of actuarial science, covering its definitions, applications, historical development, and professional certifications. Learn about the role of actuaries in managing financial risks and forecasting economic events.

A comprehensive guide to understanding adjustable life insurance, a flexible type of permanent life insurance policy that allows policyholders to modify premiums, cash values, and death benefits.

An Administrative Services Only (ASO) arrangement is a contract where a company funds its employee benefit plan but hires an outside vendor for administrative services. This guide covers the details, advantages, and considerations of ASO.

An examination of adverse selection, its implications within various markets, distinct methods to mitigate its effects, and examples from different sectors.

An overview of the Affordable Care Act, detailing its provisions, benefits, and the impact on the healthcare system.

An agent is a legally authorized representative who acts on behalf of another person, called the principal, in various matters or transactions. Agents possess specific authorities and responsibilities, depending on their role and the context in which they operate.

An in-depth explanation of what aggregate stop-loss insurance is, how it is used, and how it is calculated for employers with self-funded healthcare plans.