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• 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.

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