Life Insurance Definitions

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Insurance Company Credit Rating: Overview and Examples
Modified Endowment Contract (MEC) Modified Endowment Contract (MEC)
Modified Endowment Contract (MEC): Definition and Tax Implication
Paid-Up Additional Insurance: Definition and the Role of Dividends
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Accidental Death Benefit: What It Is, Examples of What It Covers
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What Is a Free Look Period and How Does It Work?
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Death Benefit: How It’s Taxed and Who Can Claim It
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What Is a Nonforfeiture Clause? 4 Payout Options Explained
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Embedded Value (EV): Definition, Calculation, and Example
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Waiver of Premium Rider: Definition, Purpose, Benefits, and Cost
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What Is the Morbidity Rate?
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What Is a Collateral Assignment of Life Insurance?
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What Is an Irrevocable Beneficiary? Definition and Rights
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Loan on a Life Insurance Policy
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Level-Premium Insurance: Definition, Advantages, Example
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What Are Surrender Charges? Definition, How They Work and Example
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What Is a Participating Policy? Definition and How It Works
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Company-Owned Life Insurance (COLI): Definition, Purpose, Taxes
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What Is an Accelerated Death Benefit in Life Insurance?
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Accumulated Value Basics, Role in Life Insurance Policies
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Accelerated Benefit Riders: How They Work
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Defining an Incontestability Clause
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Allocated Loss Adjustment Expenses (ALAE) Definition, Examples
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Viatical Settlement: What it is, How it Works
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Automatic Premium Loan: Meaning, Overview and FAQs
Mode of Premium: Meaning, Overview in Life Insurance, FAQ
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Life Settlement: Meaning, Benefits, FAQs
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Actuarial Life Table: What it is, How it Works, FAQs
Insurance Insurance
Unsolicited Application: What it is, How it Works
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Yearly Renewable Term (YRT): What it is, How it Works
Convention Statement: What it is, How it Works, Example
Transfer-For-Value Rule: What it is, How it Works
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Dread Disease Rider: What It Is, How It Works
Understanding the Insurance Transfer-for-Value Rule
Free of Particular Average (FPA): Meaning, How it Works, Examples
Life Insurance Clauses Determine Your Coverage
Hazardous Activity: Meaning, Alternate Coverage, Example
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Noncancellable Insurance Policy: What it Means, How it Works
Incidents of Ownership: What it Means, How it Works
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Understand Permanent Life Insurance Illustrations
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Level Death Benefit: What it Means, How it Works, Example
Accumulation Option: Meaning, Types, Comparisons
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Family Income Rider: What It Is, How It Works
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Valuation Mortality Table: What It is, How It Works
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Actuarial Age: What It Means, How It Works
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Group Carve-Out Plan: Meaning, Benefits, Limitations
Variable Death Benefit: Meaning, Pros and Cons, Example
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Mirror Fund: What It Means, How It Works, Downsides
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Surrender Rights: Meaning, Implications, Example
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Underlying Mortality Assumption: What It Is, How It Works
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Viator: What It Is, How It Works, Example
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Accelerated Option: What It Is, How It Works
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Joint-Life Payout: What It Is, How It Works
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United States Government Life Insurance (USGLI): Meaning, Example
Sprinkling Provision: What It is, How it Works, Example
Maturity Guarantee: Meaning, Pros and Cons
Adjusted Premium Method: Meaning, Example, FAQs
Waterfall Concept: What It is, How It Works, Example
Comparative Interest Rate Method: Meaning, FAQs
Transferable Insurance Policies (TIPS): Meaning, How They Work
Yearly Probability of Living: Meaning, Example