Insurance

injury independent of all other means: An injury resulting from an accident that was not caused by an illness.
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industrial life insurance: Life insurance issued in small amounts, usually less than $1,000, with premiums payable on a weekly or monthly basis. The premiums are generally collected at the home by an agent of the company. Sometimes referred to as debit insurance.
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individual retirement account (IRA): An account set up by an individual that in some cases allows contributions to be deducted from income and permits earnings on contributions to accumulate tax-deferred until retirement, regardless of whether the contributions are deductible. Under the 1986 tax law, only those who do not participate in a pension plan at [...]

individual policy pension trust: A type of pension plan, frequently used for small groups, administered by trustees who are authorized to purchase individual level premium policies or annuity contracts for each member of the plan. The policies usually provide both life insurance and retirement benefits.
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individual insurance: A policy that provides protection to a policyholder and/or his or her family; sometimes called personal insurance as distinct from group and blanket insurance.
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indemnity: Benefits of a predetermined amount paid for a loss.
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incurred claims: Claims paid during the policy year plus the claim reserves as of the end of the policy year, minus the corresponding reserves as of the beginning of the policy year. The difference between the year end and beginning of the year claim reserves is called the increase in reserves and may be added [...]

incontestable clause: A provision in a policy that the insurer may not contest the validity of an insurance contract after it has been in force for two (sometimes three) years.
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immediate annuity: An annuity that begins its payment stream to the policyholder after a single premium is paid.
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identity fraud: The act of assuming another person’s identity in order to gain access to a person’s bank accounts or other personal financial information.
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