The Dictionary of Life Insurance Terms and Definitions

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

A

Accelerated Death Benefit Definition
Accidental Death and Dismemberment Insurance Definition
Accidental Death Rider Definition
Accumulation Phase Definition
Actuary Definition
Adjustable Life Insurance Definition
Age Basis Definition
Amendment Definition
Annual Renewable Term (ART) Definition
Annuitant Definition
Annuity Definition
Application Definition
Asset Definition
Assignment Definition
Attained Age Definition
Attending Physician's Statement (APS) Definition
Authorization Definition

B

Backdating Definition
Bound Coverage Definition

C

Cash Value Definition
Child Rider Definition
Cost Basis Definition
Cost Of Insurance Definition
Crummey Power Note Definition

D

Date Of Issue Definition
Death Benefits Definition
Decreasing Term Insurance Definition
Disability Insurance Definition
Disability Provisions Definition
Dividend Definition
Double Indemnity Definition

E

Effective Date Definition
Endorsement Definition
Endowment Definition
Estate Planning Definition
Evidence Clause
Evidence Of Insurability Definition
Exclusions Definition
Expiry Definition

F

Face Amount Definition
Fiduciary Definition
Final Expense Life Insurance Definition
Flat Extra definition
Flat Extra Premium Definition
Free Look Definition

G

Grace Period Definition
Graded Premium Definition
Graded Premium Life Insurance Definition
Group Life Insurance Definition
Guaranteed Death Benefit Rider Definition
Guaranteed Issue Life Insurance Definition

H

Hazardous Activities Definition
Health Classification Definition
Human Life Value Definition

I

Impaired Risk Definition
In-force Business Definition
Incidents of Ownership Definition
Income Phase Definition
Incontestability Definition
Indemnity Definition
Individual Retirement Account Definition
Inspection Report Definition
Insurable Interest Definition
Insurance Definition
Insured Definition
Insurer Definition
Irrevocable Beneficiary Definition
Issue Age Definition

J

Joint Life Insurance Definition

K

Key Man Life Insurance Definition

L

Lapse Definition
Level Premium Life Insurance Definition
Level Term Life Insurance Definition
Liabilities Definition
Life Expectancy Definition
Life Settlement Definition
Limitations Definition
Loading Definition
Loss Definition
Loss Reserve Definition
Lump Sum Definition

M

Master Policy Definition
Medical Information Bureau (MIB) Definition
Misrepresentation Definition
Modified Premium Life Insurance Definition
Mortality Definition
Mortgage Life Insurance Definition
Mutual Insurer/Mutual Company Definition

N

No-lapse Guaranteed Benefit Rider Definition
Nonparticipating Policy Definition
Notice Of Cancellation Definition

O

Offer And Acceptance Definition
Offer Definition
Overinsured Definition

P

Paramedical Exam Definition
Partial Disability Definition
Partial Loss Definition
Participating Policy Definition
Per Capita Definition
Per Stirpes Definition
Permanent Policy Definition
Persistency Definition
Policy Anniversary Definition
Policy Date Definition
Policy Definition
Policy Fee Definition
Policy Not Taken (NTO) Definition
Policyholder/Policy Owner Definition
Power Of Attorney Definition
Preferred Best Risk Definition
Preferred Risk Definition
Premium Definition
Premium Notice Definition
Primary Beneficiary Definition
Proof of Loss Definition
Provisions Definition

Q

Qualified/Non-qualified Definition

R

Rate Class Definition
Rated Definition
Reinstatement Definition
Renewable Term Life Insurance Definition
Replacement Definition
Representation Definition
Revocable Beneficiary Definition
Rider Definition
Risk Definitions

S

Section 1035 Exchange Definition
Senior Settlements Definition
Simplified Issue Life Insurance Definition
Spendthrift Clause Definition
Split-dollar Plan Definition
Standard Risk Definition
Sub-accounts Definition
Substandard Risk Definition
Suicide Clause Definition
Super-preferred Risk Definition
Surrender Definition

T

Term Life Insurance Definition
Termination Definition
Tertiarty Beneficiary Definition
Trustee Definition

U

Underwriter Definition
Underwriting Definition
Unilateral Contract Definition
Uninsurable Risk Definition
Universal Life Insurance Definition

V

Variable Life Insurance Definition
Variable Universal Life Insurance Definition
Viatical Settlements Definition
Voidable Definition

W

Waiver Of Premium Definition
Whole Life Insurance Definition
Wholesaleinsurance.net Definition

X

Y

Yearly Renewable Term Definition

Z