Retirement plan funding system that is determined by first separately calculating the contributions for each of the plan’s participants and then adding those amounts to obtain the total required contribution.

Insurance health plan in which one person and his or her dependents are insured under a policy. Also called individual health insurance, individual contract , individual medical plan , or personal insurance .

Life insurance issued to an individual person. Also called ordinary life insurance and whole life insurance .

Individual and his or her dependents who do not have group health insurance and may be insured under an individual plan.

Single type of membership in a managed care plan or insurance program in which one person is insured. Other types are family membership and group membership.

Health insurance policy purchased by an individual or family.

Type of retirement plan used for small groups and administered by trustees who are authorized to buy individual level premium policies or annuity contracts for each member of the plan. Usually the policies offer life insurance and retirement benefits.