The Resource Center provides a glossary of insurance terms to help you understand the various insurance wordings that may appear in your quotes, cover notes & policies.
Glossary of Terms
Health Insurance
Life Insurance
Property and Casualty
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Lifetime Maximum Benefit (or Maximum Lifetime Benefit)
the maximum amount a health plan will pay in benefits to an insured individual during that individual’s lifetime.
Limitations
a limit on the amount of benefits paid out for a particular covered expense, as disclosed on the Certificate of Insurance.
Long-Term Disability Insurance
Pays an insured a percentage of their monthly earnings if they become disabled.
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