No-Fault
Auto insurance coverage which pays for each driver’s own injuries, despite who was responsible for the accident. No-fault coverage varies with each state.

Whole Life Insurance
Cash value life insurance which combines protection against premature death with a savings account. Premiums are at fixed rates and guaranteed and remain the same throughout the life of the policy.

Insured Mortgage
A mortgage insured against loss to the mortgagee in the event of default and failure of the mortgaged property to satisfy the balance owing plus costs of foreclosure.

Co-Payment
A co-payment is a patient's share of a health-care bill. It usually is a small amount - $5 or $10 per office visit.

Group Insurance
Insurance policy or health services contract covering a group of employees (and often their dependents) under a single contract issued to an employer or other group by an HCSC, HMO or other insurer.

Credit Life Insurance
Life insurance coverage on a borrower designed to repay the balance of a loan if the borrower dies before the loan is paid off. It can also be offered as an option for credit cards and auto loans.

Participating Provider
A provider who has contracted with a health care service contractor, HMO, PPO, IPA or other managed care organization to provide health care.

Good Driver Plan
A rating program offered by some insurance companies that reduces your premium if you have had no accidents or traffic violations within a specified time period.

Deductible
The deductible is the amount you agree to pay on each loss before your insurance company pays.

Uninsured Motorist Bodily Injury
Covers you for your bodily injury caused by a hit-and-run driver or an at-fault driver who has no auto liability insurance.