The maximum amount payable by the insurer for covered expenses for an insured and each covered dependent. Plans can have a yearly or a lifetime maximum dollar limit. A common maximum dollar limit is a lifetime amount of $1 million per individual.
The maximum amount payable by the insurer for covered expenses for an insured and each covered dependent. Plans can have a yearly or a lifetime maximum dollar limit. A common maximum dollar limit is a lifetime amount of $1 million per individual.