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Health Insurance
California >> Insurance
Glossary >> L
HEALTH INSURANCE GLOSSARY-
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Life Annuity
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The annuity
may be bought by the individual by paying a lump some amount, and
here the annuity
period extends up to the life of the annuitant.
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Life Annuity with Period Certain
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The insured individual may get his regular payments, but if he dies
within the specified period the beneficiary may receive the remaining
payments. Instead if the insured individual lives fully for the specified
time then the beneficiary will not get the payments.
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Life Insurance
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A life
insurance is purchased as a protection plan, where the insurer
pays the regular payments for a stipulated period of time and then
later if the insurer loses his life, the insured amount will be given
to his beneficiary.
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Long Term Insurance
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As the name suggests, long
term insurance enables the insured person to be protected, generally
long
term care insurance is provided to elders.
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Long Term Medical Insurance
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Here you get medical care under the long term medical
insurance.It
provides a lot of medical benefits per person per life time.
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Lifetime Maximum Benefit Amount
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An amount or a maximum amount that a managed care organization needs
to spend on their subscriber.
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