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An underwriter is any party that evaluates and assumes another party’s risk for a fee in the form of a commission, premium, spread, or interest.| Investopedia
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Premium is the total cost of an option or the difference between the higher price paid for a fixed-income security and the security's face amount at issue.| Investopedia
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The pre-existing condition exclusion period is a health insurance provision that limits benefits for a period of time for a prior medical condition.| Investopedia
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Medical expenses are any costs incurred in the prevention or treatment of injury or disease. These expenses can be deducted from taxes.| Investopedia
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Insurance is a contract in which an insurer indemnifies another against losses from specific contingencies and/or perils.| Investopedia
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An industry is a classification for a group of companies that are related by their primary business activities. Investors study industries to select stocks.| Investopedia
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Health insurance is a type of contract in which a company agrees to pay some of a consumer's medical expenses in return for payment of a monthly premium.| Investopedia
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The healthcare sector consists of companies that provide medical services, manufacture medical equipment or drugs, provide medical insurance, or otherwise facilitate the provision of healthcare to patients.| Investopedia
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A death benefit is a payout to the beneficiary of a life insurance policy, annuity, or pension when the insured or annuitant dies. Learn about taxation and claiming.| Investopedia
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The Affordable Care Act is the federal statute that was signed into law in 2010 as part of the healthcare reform agenda of the Obama administration.| Investopedia
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Life insurance is a contract in which an insurer, in exchange for a premium, guarantees payment to an insured’s beneficiaries when the insured dies.| Investopedia