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Investments glossary

Wholesale Insurance

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Quotes of the day:

Let me tell you something that we Israelis have against Moses. He took us 40 years through the desert in order to bring us to the one spot in the Middle East that has no oil!

— Golda Meir

Wholesale insurance refers to coverage for employer groups that are too small to qualify for true group coverage. A wholesale insurance policy is also known as franchise insurance. It covers an entire group, though individual policies are written for each person that is to be insured. These kind of policies are offered by nonadmitted carriers, or insurance companies that aren’t approved by the state’s insurance department.

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