insurance

What is a carrier?

 

What is a carrier?

The Bankrate.com financial term of the day is: "carrier."

The word carrier has lots of meanings. It can be another word for "airline," it can refer to a person or organism that spreads sickness, it can mean a phone company, or it's one of those huge warships that serve as seaworthy airports for warplanes. "Carrier" also has a definition that pertains to insurance, and it's a very simple one. It's the company that issues a life insurance or other insurance policy and takes on the risk that a claim might one day have to be paid.

Got insurance? Then you've got a carrier, a fancy way of saying "insurer."

To get an insurance quote, visit the Insurance section at Bankrate.com.

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