Insurance Glossary Insurance terms and definitions Coverages and benefits listed below may not be available in your state. If available, some optional coverages and benefits might be offered at an additional charge. Contact The Gena Trust Agency today to learn more. A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | R | S | T | U | V | W K KEY PERSON INSURANCE Insurance on the life or health of a key individual whose services are essential to the continuing success of a business and whose death or disability could cause the firm a substantial financial loss. KIDNAP/RANSOM INSURANCE Coverage up to specific limits for the cost of ransom or extortion payments and related expenses. Often bought by international corporations to cover employees. Most policies have large deductibles and may exclude certain geographic areas. Some policies require that the policyholder not reveal the existence of the coverage. Glossary content provided by Insurance Information Institute.