State of meeting all of the requirements for a specific Medicare benefit; the date of entitlement begins at age 65 for most beneficiaries.
Insurance Encyclopedia
Entitlement program
Benefit that an individual has a right or a claim to (e.g., veterans’ pensions).
Entity Agreement
A buy sell agreement usually used with a partnership in which the partnership agrees to purchase the interest of a deceased or disabled partner.
Entity agreement (Life Insurance)
Usually used with a partnership, an entity agreement is a buy sell arrangement, wherein the partnership promises to buy out the interests of a partner if he or she becomes disabled or dies.
Entity assets
Resources or material goods that the reporting entity has authority to use in its operations (i.e., management has the authority to decide how funds are used, or management is legally obligated to use funds to meet entity obligations).
Entity plan
Type of buy-sell insurance agreement in which the business entity assumes the obligation of buying a deceased owner’s interest in the business.
Entrance age
Age up to which the insurance company will sell a policy. Entrance ages vary from one company to another, and some policies can be bought at any age.
Entrepreneurial risks
General commercial and business risk that is usually accepted as a part of the firm’s normal operations in the market place. Profit is the reward for entrepreneurial risks.
Entry
Theft insurances cover loss by ‘entry’ when it is by forcible and violent means. Actual entry means the insertion of any part of the body, even if it is only a finger, into the premises, but the qualifying words preclude claims when people enter without having to break down the defences of the premises.
Entry age (Pensions)
The age at which an employee can become eligible to participate in a pension plan; usually this is age 65.