INSURANCE GLOSSARY
Insurance, in
plain English.
Insurance can come with a lot of unfamiliar words and phrases.
We've created this glossary to help explain common insurance terms in simple, easy-to-understand language.
Looking for something specific? Search the glossary below.
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Debt Protection
Debt Protection helps a business repay or reduce business debt if a business owner, shareholder or key person dies, becomes seriously ill or suffers a total and permanent disability, depending on the policy structure.
Key Person Cover
Key Person Cover provides financial protection for a business if a key employee or business owner dies, becomes seriously ill, or suffers a total and permanent disability, depending on the policy selected.
Shareholder Cover
Shareholder Cover helps protect a business if a shareholder dies, becomes seriously ill or suffers a total and permanent disability by providing funding to support a planned transfer of ownership.