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- Qualification Period:
- A period during which an insured must be totally disabled before becoming
eligible for disability benefits.
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- Qualified Impairment
Insurance:
- A form of substandard or special class insurance, which restricts benefits
for the insured person's particular condition.
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- Qualified Plan:
- A plan which the Internal Revenue Service approves as meeting the requirements
of Section 401(a) of the 1954 Internal Revenue Code. These plans receive tax
advantages.
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- Qualifying Event:
- An occurrence (death, termination of employment, divorce, etc.) that triggers
the insureds protection under COBRA.
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- Quick Assets:
- Assets that can be converted into cash quickly.
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