Industry Terms

A 401(k) allows employees to contribute a portion of their pre-tax earnings into a tax-advantaged investment account. The 401(k) plan serves as a valuable tool for individuals to save for their retirement and secure their financial future. Read on for more related terms.

An insurance broker is a professional intermediary who represents clients seeking insurance coverage. Their primary role is to help individuals, businesses, or organizations find the most suitable insurance policies to meet their specific needs and requirements. Read on for more related terms.

The Consolidated Omnibus Budget Reconciliation Act (COBRA) allows people to continue on their health insurance plan for a certain amount of time after a qualified event, such as the loss of a job. Read on for more.

There are many types of disability insurance. Read on for all the information.

An insurance company is a financial institution that provides risk management services to individuals and businesses. Read on to see more insurance company related terms.

See here for the steps for acquiring an insurance policy.

See here to learn more about the types of plans employers can offer their employees as well as the kinds of insurance your business can carry to benefit your employees and protect your business.

Additional insurance key terms you need to know.

Long-term care (LTC) insurance is a policy that helps cover the cost of care when you have a chronic illness or are older and need additional care. Keep reading for the different options available.

See here to learn more about the legal context of the insurance industry.

A Multiple Employer Welfare Agreement (MEWA) is a way for a group of employers to pool their resources to get their employees better health insurance options. Read on for more options and examples.

Medicare is federal health insurance for people 65 or older. Read on for more related terms.

See here for different types of insurance companies and brokers.

Social Security is a federal assistance program that provides money to people who need assistance such as those who are retired, disabled, or unemployed. Read on for more information.

See here to learn more about the types of plans employers can offer their employees as well as the kinds of insurance your business can carry to benefit your employees and protect your business.