Life Insurance Glossary
"Money saved and money earned can be money spent on a better world."
This is a Glossary of terms related to Life Insurance: Life Insurance Glossary.
Please feel free to up-date the list.
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[edit] A
- AD&D
- ALC
- ASA
- Absolute Beneficiary
- Accelerated Endowment
- Accelerative Endowment
- Accidental Death Benefit
- Accumulation Value
- Accumulations (or Accumulation Benefits)
- Adjustable Life
- Adjustable Premium
- Administrative Services Only
- Age Change
- Agent, General
- American College
- American Council of Life Insurance, Inc
- American Experience Table of Mortality
- American Life Convention (ALC)
- Amount At Risk
- Annual Payment Annuity
- Armstrong Investigation
- Asset Share Value
- Assignment
- Association Group Insurance
- Association of Life Insurance Council
- Attained Age
- Automatic Premium Loan
- Automatic Reinsurance
- Aviation Accident Insurance
- Aviation Hazard
[edit] B
- Backdating
- Bank Loan Plan
- Beneficiary
- Benefits of Survivorship
- Binding Receipt
- Blackout Period
- Business
- Business Insurance
- Buy-Sell Agreement
[edit] C
- Cash Refund Annuity
- Cash Surrender Value
- Cash Value
- Cestui Que Vie
- Chartered Life Underwriter (CLU)
- Chicago Plan
- Classified Insurance
- Cleanup Fund
- Collateral Assignment
- Collection Commission
- Collection Fee
- College Retirement Equities Fund (CREF)
- Collegia
- Combination
- Combination Plan
- Combination Plan ReinsuranceCombined Annuity Mortality Table
- Commissioners' Disability Table
- Commissioners' Industrial Extended Term Mortality Table, 1961 (CIET 1961)
- Commissioners' Standard Industrial Mortality Table, 1961 (CSI 1961)
- Commissioners' Standard Ordinary (CSO)
- Common Accident
- Common Disaster
- Common Disaster Clause
- Commutation Rights
- Conditional Binding Receipt
- Conditional Vesting
- Consumer Credit
- Contestable Clause
- Contingent Beneficiary
- Contributory
- Control Provision
- Conversion Privilege
- Convertible
- Coordination of Benefits (COB)
- Corridor
- Cost of Insurance
- Cost of Insurance Charge
- Cost-of-Living Rider
- Coupon Policy
- Credit Life Insurance
- Cross Purchase
- Crude Death (or Mortality) Rate
- Current DisbursementCurrent Future Service
- Current Service Benefit
[edit] D
- Death Benefit
- Death Rate
- Debit
- Debit Agent
- Debit Life Insurance
- Debit System
- Decreasing Term
- Deferred Premium
- Deferred Vesting
- Deficiency Reserve
- Delay Clause
- Delayed Payment Clause
- Delivered Business
- Delivery
- Dependent Coverage
- Dependent Life Insurance
- Deposit Administration (DA)
- Disability Benefit
- Disability Pension
- Dividend Accumulation
- Dividend Additions
- Dividend Option
- Double Indemnity
- Double Protection
[edit] E
- Educational Fund
- Eligibility Requirements
- Emergency Fund
- Employee Benefit Program
- Employee Certificate of Insurance
- Employee Retirement Income Security Act (ERISA)
- Endorsement Split Dollar
- Endowment Insurance
- Entire Contract Clause
- Entity Agreement
- Evidence of Insurability
- Examination
- Examined Business
- Examiner
- Excepted Period
- Excess Interest
- Expectation of Life
- Expected Mortality
- Experienced Mortality
- Experienced Mortality or Morbidity
- Expiry
- Extended Death Benefit
- Extended Term Insurance
- Extra Percentage Tables
[edit] F
- Face
- Facility-of-Payment Clause
- Family Income Policy
- Family Maintenance Policy
- Family Policy
- Fellow, Life Management Institute (FLMI)
- Financed Premium
- Fixed-Amount Installments
- Fixed Benefit
- Fixed-Period Installments
- Flexible Premium Adjustable Life Insurance Policy
- Flexible Premium Policy
- Flexible Premium Variable Life
- Franchise Insurance
- Fraternal Insurance
- Free Look
- Full Preliminary Term Reserve Valuation
- Fully Paid Policy
[edit] G
- General Agency System
- General Agent (GA)
- General Agents and Managers Conference
- Grace Period
- Graded Death Benefits
- Graded Premium
- Graduated Life Table
- Gross Premium
- Group Certificate
- Group Contract
- Group Credit Insurance
- Group Life Insurance
- Group Permanent Life Insurance
- Guaranteed Insurability
- Guaranteed Renewable
- Guertin Laws
- Guideline Premium
[edit] H
- Home Office Life Underwriters Association
- Home Service Industrial Insurance
- Home Service Life Insurance
- Home Service Ordinary
- Human Life Value
[edit] I
- Immediate Annuity
- Immediate Vesting
- Impaired Risk
- Incidents of Ownership
- Income Policy
- Incontestable Clause
- Individual Life Insurance
- Industrial Life Insurance
- In-Force Business
- Installment Settlement
- Installments Certain
- Institute of Life Insurance
- Insurance In Force
- Interest
- Interest Adjusted Cost
- Interest Sensitive Provision
- Irrevocable Beneficiary
- Issued Business
[edit] J
- Joint and Survivorship Annuity
- Joint Insurance
- Joint Life and Survivorship Annuity
- Joint Life Annuity
- Joint Life Insurance
- Jumping Juvenile
- Juvenile Insurance
[edit] K
- Keogh Act (HR-10) Plan
- Key Employee Insurance
- Key Person (Key Employee) Insurance Policy
[edit] L
- Lapse Ratio
- Ledger Cost
- Legal Reserve Life Insurance Company
- Level Death Benefit Option
- Level Premium Insurance
- Level Term Insurance
- Lien Plan
- Life Conservation
- Life Expectancy
- Life Expectancy Term Insurance
- Life Income
- Life Insurance (Generic)
- Life Insurance (Narrow)
- Life Insurance Agency Management Association (LIAMA)
- Life Insurance Association of America (LIAA)
- Life Insurance Marketing and Research Association (LIMRA)
- Life Insurance, Ordinary
- Life Insurance, Straight
- Life Insurance Trust
- Life Insurance, Whole Life
- Life Insurers Conference
- Life Office Management Association (LOMA)
- Life Paid Up At Age
- Life Underwriter
- Life Underwriter Political Action Committee (LUPAC)
- Life Underwriting Training Council (LUTC)
- Lifetime Policy
- Limited Payment Life
- Limited Policies
- Loan Value
- Lump Sum
[edit] M
- Mature
- Maturity Date
- Maturity Value
- McClintock Table
- Medical Examination
- Medical Examiner
- Medical Information Bureau (MIB)
- Million Dollar Round Table (MDRT)
- Minimum Deposit Policy
- Misstatement of Age
- Modified
- Modified Life Policy
- Monthly Administration Fee
- Monthly Debit Ordinary (MDO)
- Monthly Debit Ordinary Status Card
- Mortality, Experienced
- Mortality Rate
- Mortality Savings
- Mortality Table
- Mortgage Insurance
- Mortgage Redemption Insurance
- Multiple Indemnity
- Multiple Protection Insurance
[edit] N
[edit] O
[edit] P
[edit] Q
- "Q" Schedule
- Quadruple Indemnity
- Quantity Discount
[edit] R
- Rated
- Rated Up
- Readjustment Income
- Recurrent Disability
- Reduced Paid-Up Insurance
- Register
- Renewable Term
- Renewal
- Retirement Annuity
- Retirement Income Policy
- Retroactive Conversion
- Return of Cash Value
- Return of Premium
- Revocable Beneficiary
- Risk Appraiser
- Risk Premium Insurance
[edit] S
[edit] T
[edit] U
- USGLI
- Ultimate Mortality Table
- Uniform Premium
- Uniform Provisions
- United States Government Life Insurance (USGLI)
- Universal Life
- Unscheduled Premium Payments
[edit] V
- Valuation
- Values
- Variable Contracts
- Variable Life Insurance
- Variable Universal Life
- Vesting
[edit] W
- WLRT
- Waiver of Premium
- War Clause
- Weekly Premium Insurance
- Whole Life Insurance
- Wholesale Group Insurance
- Wisconsin Life Fund
- Women Leaders Round Table (WLRT)
- Written Business
[edit] X
[edit] Y
- YRT
- Yearly (or Annual) Renewable Term (YRT)
- Years Certain Annuity
[edit] Z
- Z Table
