Life Insurance and Life Settlement Glossary - H

Life Insurance and Life Settlement Terms - H

Hacker Insurance

A coverage that guards businesses engaged in electronic commerce from losses caused by hackers.

Hard Market

A vendors market in which insurance is expensive and in short supply.

Health Insurance

Insurance covering medical expenses or income loss resulting from hurts or sickness.

Health Maintenance Organization (HMO)

A health care financing and delivery system that provides comprehensive health care services for subscribing members in a meticulous geographic area in return for a fixed, prepaid fee.

Homeowners Insurance Policy

The typical houseowners insurance policy covers the house, the garage and other structures on the property, as well as personal possessions inside the house like furniture, appliances and clothing, against a broad variety of perils including windstorms, fire and theft. Homeowners insurance also covers additional living expenses.

Human Life Value

A process of ascertaining Life Insurance needs by considering a person's income, expenses, remaining years of earning capacity, and depreciation in the value of the dollar over time.