Loss frequency explains how often insurance claims happen during a policy’s coverage period. When insurance companies talk about loss frequency, they’re really asking one simple question: How often do claims …

Loss Adjustment Expense (LAE) refers to the costs insurance companies pay to investigate, manage, and settle insurance claims. When an insurance claim happens, the payout to fix damage or cover …

A loss in insurance means physical damage, bodily injury, or financial harm like lost income or loss of use of property. When people hear the word loss, they often think …

Long-term disability income insurance replaces part of your income if an illness or injury keeps you from working for an extended period of time. Most people rely on their paycheck …

Long-term care insurance helps pay for ongoing care services when you can’t fully take care of yourself due to illness, aging, or cognitive decline. As we get older, many of …

Long duration contracts are insurance contracts that last at least 13 months and lock in coverage and premiums for the entire term. When you buy insurance, you might assume the …

Loan-backed securities are investments that pay you money based on the interest and principal collected from a pool of loans. If you’ve ever heard about mortgage-backed investments or pass-through certificates …

Lloyd’s of London is a unique insurance marketplace where groups of investors come together to insure unusual, complex, or high-risk events. When people hear the name Lloyd’s of London, they …

A living benefits rider lets you access part of your life insurance while you’re still alive if you become terminally ill and need long-term care. Life insurance is usually thought …