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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 …
What Is Loss Adjustment Expense (LAE)? – Simple and Easy Explanation Read More
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 …
What Is a Loss? – Simple and Easy Explanation Read More
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 …
What Is Long-Term Disability Income Insurance? – Simple and Easy Explanation Read More
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 …
What Is Long-Term Care? – Simple and Easy Explanation Read More
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 …
What Are Long Duration Contracts? – Simple and Easy Explanation Read More
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 …
What Are Loan-Backed Securities? – Simple and Easy Explanation Read More
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 …
What Is Lloyd’s of London? – Simple and Easy Explanation Read More
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 …
What Is a Living Benefits Rider? – Simple and Easy Explanation Read More
Liquor liability insurance helps protect businesses if someone is injured or property is damaged because of an intoxicated person they served alcohol to. Serving or selling alcohol comes with extra …
What Is Liquor Liability? – Simple and Easy Explanation Read More
A line of business is how insurance companies group and classify the types of coverage they sell. If you’ve ever looked at insurance documents or company reports, you may have …
What Is a Line of Business? – Simple and Easy Explanation Read More