Terms with Tag Life Insurance
- Surrender Charge — Definition,
- A charge levied when a life insurance policyholder cancels his or her policy.
- Surrender Rights — Definition,
- The contractual right for a life insurance or annuity policyholder to cancel his or her policy.
- Survival Analysis — Definition,
- A statistical analysis of how likely someone or something will survive to a set date.
- Survivorship — Definition,
- The right of a person to secure ownership by reason of his/her outliving someone with whom s/he shared undivided interest in the land.
- Term Life Insurance — Definition,
- Life insurance that provides coverage for a set period of time, often from five to forty years.
- Transferable Insurance Policy — Definition,
- A life insurance policy that can be sold to another party through a viatical settlement.
- Trustee — Definition,
- A person who holds and manages assets for the benefit of beneficiaries.
- Underwriters Association of Toronto (UAT) — Company, Toronto, Ontario, Canada,
- Unit Linked Insurance Policy (ULIP) — Acronym, ➥ A life insurance policy.
- Universal Life (UL) — Acronym, Important, ➥ An insurance policy.
- Universal Life Insurance — Definition,
- A form of life insurance that offers flexible investment options and tax efficiency for estate management.
- Universal Life Policy (ULP) — Acronym, ➥ An insurance policy.
- Value of In-force Business (VIF) — Acronym,
- Vanishing Premium Policy — Definition,
- A life insurance policy where policy dividends are used to pay the policy's premiums.
- Variable Death Benefit — Definition,
- A life insurance death benefit that differs depending on how well the insurance company's investment portfolio fares.
- Variable Life (VL) — Acronym,
- Life insurance that provides the policyholder the option to place some of his or her premiums into the insurer's investment portfolio, providing beneficiaries with a variable death benefit.
➥ An insurance policy. - Variable Life Insurance (VLI) — Acronym,
- Life insurance that provides the policyholder the option to place some of his or her premiums into the insurer's investment portfolio, providing beneficiaries with a variable death benefit.
- Variable Universal Life Insurance (VULI) — Acronym, Important,
- A form of life insurance with adjustable premiums, flexible investment options, and tax efficiency.
- Viatical Settlement — Definition,
- A contract where an individual agrees to sell his or her life insurance policy to a third party before their death.
- Viator — Definition,
- A person who agrees to sell his or her life insurance policy to a third party.
- Voluntary Accidental Death and Dismemberment (VADD) — Acronym, Important, ➥ A life insurance benefit that applies to an employee and their family.
- Voluntary Life Insurance — Definition,
- Life insurance offered as part of an employee benefit package where the employee agrees to pay the insurance premiums.
- Waiver of Premium Disability (WPD) — Acronym,
- Whole Life (WL) — Acronym, Very Important,
- Permanent life insurance with level premiums for the policyholder's entire lifetime.
➥ A life insurance policy. - Whole Life Insurance — Definition,
- Permanent life insurance with level premiums for the policyholder's entire lifetime.
- Will — Definition,
- A document that states what must be done with a person's estate after his or her death.
- With-Profits Policy — Definition,
- Insurance that pays the policyholder a portion of the insurer's profits.
4.
Surrender Charge -
Survivorship
Survivorship
