Table showing amounts the insurance company will pay as periodic payments in settling a life insurance policy.
Tag: MEDICAL
Settlement options
Methods of payments of life insurance policy proceeds to the beneficiary by an insurance company such as a lump sum or periodic payments.
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US: The several ways, other than immediate payment in cash, which a policyholder or beneficiary may choose to have policy benefits paid.
Settlor
See: trustor .
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One who settles property on another by means of a trust.
Severe pain
In workers’ compensation cases, pain that would preclude the activity precipitating the pain.
Severity
Word used to describe the level of seriousness of a patient’s medical condition.
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The amount of damage that is (or that may be) inflicted by a loss or catastrophe. Sometimes quantified as a severity rate, which is a ratio relating the amount of loss to values exposed to loss during a specified period.
Severity modifier
Adjustment that shows the effect of patient factors on the work needed to deliver a medical service such as severity of illness, comorbidity, and risk of complications.
severity of illness (SOI)
1. Degree of disease or loss of function and mortality that a patient is experiencing before treatment. Severity of illness is used in the interpretation of performance data of facilities. 2. Variation in patients classified to the same diagnosis related group that includes age, systems involved in illness, stage of disease, complications, and response to treatment.
Sex distribution
Percentage analysis of genders (male or female) of insureds within a group.