Quarter Of Coverage
Definition of "Quarter of coverage"
Quarter credited, for retirement benefits under Social Security, when the worker's earnings exceed a minimum amount in a given quarter. Credited quarters are extremely important for fully insured and currently insured status to qualify for Social Security benefits. The minimum amount of earnings required for a quarter credited is subject to annual increases.
Popular Insurance Terms
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Premium that equals the net level premium plus the modification of the net level premium to reflect the cost associated with paying for the first year initial acquisition expenses. The ...
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Same as term Expected Loss: probability of loss upon which a basic premium rate is calculated. ...
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