The two types of health care benefit programs are indemnity programs and health maintenance organizations.
Benefit of SurvivorshipA term used to describe the fact that annuity payments will be made as long as the designated recipient is alive at the time the payment is due. This concept is used in the calculation of amounts due under life insurance settlement options.
BenefitFor insurance purposes this is the amount of money paid when an insurance claim is approved. Also known as the policy benefit.
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Common Compensation Terms and Formulas