Life Insurance Definitions
What Is Interest-Sensitive Whole Life Insurance?
What Is Life Insurance With Living Benefits?
What Is Limited Payment Life Insurance?
Cash Value vs. Surrender Value: What's the Difference?
What Is Cash Surrender Value? How It Compares to Cash Value
Insurance Company Credit Rating: Overview and Examples
Modified Endowment Contract (MEC): Definition and Tax Implication
Paid-Up Additional Insurance: Definition and the Role of Dividends
Accidental Death Benefit: What It Is, Examples of What It Covers
What Is a Free Look Period and How Does It Work?
Death Benefit: How It’s Taxed and Who Can Claim It
What Is a Nonforfeiture Clause? 4 Payout Options Explained
Embedded Value (EV): Definition, Calculation, and Example
Waiver of Premium Rider: Definition, Purpose, Benefits, and Cost
What Is the Morbidity Rate?
What Is a Collateral Assignment of Life Insurance?
What Is an Irrevocable Beneficiary? Definition and Rights
Loan on a Life Insurance Policy
Level-Premium Insurance: Definition, Advantages, Example
What Are Surrender Charges? Definition, How They Work and Example
What Is a Participating Policy? Definition and How It Works
Company-Owned Life Insurance (COLI): Definition, Purpose, Taxes
What Is an Accelerated Death Benefit in Life Insurance?
Accumulated Value Basics, Role in Life Insurance Policies
Accelerated Benefit Riders: How They Work
Defining an Incontestability Clause
Allocated Loss Adjustment Expenses (ALAE) Definition, Examples
Viatical Settlement: What it is, How it Works
Automatic Premium Loan: Meaning, Overview and FAQs
Mode of Premium: Meaning, Overview in Life Insurance, FAQ
Life Settlement: Meaning, Benefits, FAQs
Actuarial Life Table: What it is, How it Works, FAQs
Unsolicited Application: What it is, How it Works
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
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
Noncancellable Insurance Policy: What it Means, How it Works
Incidents of Ownership: What it Means, How it Works
Understand Permanent Life Insurance Illustrations
Level Death Benefit: What it Means, How it Works, Example
Accumulation Option: Meaning, Types, Comparisons
Family Income Rider: What It Is, How It Works
Valuation Mortality Table: What It is, How It Works
Actuarial Age: What It Means, How It Works
Group Carve-Out Plan: Meaning, Benefits, Limitations
Variable Death Benefit: Meaning, Pros and Cons, Example
Mirror Fund: What It Means, How It Works, Downsides
Surrender Rights: Meaning, Implications, Example
Underlying Mortality Assumption: What It Is, How It Works
Viator: What It Is, How It Works, Example
Accelerated Option: What It Is, How It Works
Joint-Life Payout: What It Is, How It Works
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