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Reference guide

Insurance Glossary

Plain-language definitions of common insurance terms across policies, coverage, and claims. Check your policy or plan documents for the terms that apply to you.

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Showing 4 of 28 matching terms

Terms beginning with I

Insuring agreement

General insurance
The policy section that states the insurer’s basic promise and the broad scope of coverage provided.
Also called: insuring clause

Internal appeal

Health insurance
A request for a health plan to reconsider a coverage or claim decision using the plan’s own review process.
Also called: internal grievance

Irrevocable beneficiary

Life insurance
A beneficiary whose rights generally cannot be changed without that beneficiary’s consent.

Irrevocable life insurance trust

Life insurance
A trust that owns life insurance and generally cannot be changed or revoked by its grantor after creation.