Insures against borrower's inability to make loan payments due to njury or illness. In order for the premium be excluded from the Finance Charge, it must be OPTIONAL (not required), or the consumer must be allowed to purchase the coverage elsewhere.
An antiquated term for health insurance.
A type of coverage that pays benefits, when an accident occurrs or a medical problem arrises, sometimes including reimbursement for loss of income, in case of sickness, accidental injury, or accidental death.
A form of insurance covering death or personal injury by accident, as well as sickness or bodily injury.
An older name for Health Insurance. See Health Insurance. (H)
Coverage for accidental injury, accidental death, and related health expenses. Benefits will pay for preventative services, medical expenses, and catastrophic care, with limits.
Coverage for accidental injury, accidental death or sickness. Benefits may include paid hospital expenses, medical expenses, surgical expenses, and income payments.
A form of insurance compensating an individual for loss as a result of accident or illness.
Coverage that pays benefits in case of sickness, accidental injury or accidental death. It sometimes provides for loss of income or debt payment if taken out in connection with a loan.
An older name for Health Insurance. Insurance against loss by sickness or bodily injury. The generic form for those forms of insurance that provide lump sum or periodic payments in the event of loss occasioned by bodily injury, sickness or disease, and medical expense. The term Health Insurance is now used to replace such terms as Accident Insurance, Sickness Insurance, Medical Expense Insurance, Accidental Death Insurance, and Dismemberment Insurance. The form is sometimes called Accident and Health, Accident and Sickness, Accident, or Disability Income Insurance. (H)
