Qualification Period:
A period during which an insured must be totally disabled before
becoming eligible for disability benefits.
Qualified Impairment Insurance:
A form of substandard or special class insurance, which restricts
benefits for the insured person's particular condition.
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.
Qualifying Event:
An occurrence (death, termination of employment, divorce, etc.)
that triggers the insureds protection under COBRA.
Quick Assets:
Assets that can be converted into cash quickly.
