What is a Loss Ratio? What Is an Insurance Clerk? What is a Patient Care Advocate? What is a Customer Advocate? Discussion Comments Hot Topics WiseGeek, in your inbox Our latest articles, guides, and more, delivered daily. Subscribe Follow us: Trending Quizzes How Many Bird Species ...
By including dependents in a health insurance plan, individuals can extend coverage to their loved ones and ensure that they have access to the necessary medical care. Understanding the definition of a dependent and the eligibility criteria is essential for making informed decisions when it comes to...
John and Sarah, who are both considering purchasing health insurance. John is currently in good health and has no pre-existing conditions, while Sarah has a chronic illness that requires regular medical attention. In this scenario, Sarah, being aware of her higher healthcare needs, is ...
An ETF trades throughout the day, which means its NAV fluctuates more often than a mutual fund's.
Most investors would view an average annual rate of return of 10% or more as a good ROI for long-term investments in the stock market. However, keep in mind that this is an average.
Higher free cash flow gives a company the flexibility to invest in its future while maintaining operations.
During the binding period, which is usually a limited period of time, the insured is covered under certain specified terms and conditions. This means that in the event of a covered loss or claim, the insurance company will provide the necessary financial protection as outlined in the temporary ...
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Loss ratio is used in the insurance industry, representing the ratio of losses to premiums earned. Losses in loss ratios include paid insurance claims and adjustment expenses. The loss ratio formula is insurance claims paid plus adjustment expenses divided by total earned premiums. For example, if ...
If Elise's paycheck gets cut to $3,000 per month, she will still be able to meet her essential costs but she will have only $1,000 left over in discretionary income. Discretionary Income and the Economy Discretionary income is an important marker of economic health. Economists use it, alo...