Insurance Terms

  1. Up-Front Mortgage Insurance - UFMI

  2. Use and Occupancy Insurance – U&O

  3. Validation Period

  4. Valuable Papers Insurance

  5. Valuation Clause

  6. Valuation Mortality Table

  7. Valuation Premium

  8. Valuation Reserve

  9. Value Reporting Form

  10. Valued Marine Policy

  11. Valued Policy Law - VPL

  12. Values

  13. Vandalism And Malicious Mischief Insurance

  14. Vandalism Endorsement

  15. Vanishing Premium

  16. Vanishing Premium Policy

  17. Variable Annuity

  18. Variable Death Benefit

  19. Variable Life Insurance Policy

  20. Variable Survivorship Life Insurance

  21. Variable Universal Life Insurance - VUL

  22. Vermin Exclusion

  23. Veterans Group Life Insurance - VGLI

  24. Viatical Settlement

  25. Viatication

  26. Viator

  27. Vision Care Insurance

  28. Voluntary Accidental Death And Dismemberment Insurance - VAD&D

  29. Voluntary Employees' Beneficiary Association - VEBA

  30. Voluntary Lien

  31. Voluntary Life Insurance

  32. Voluntary Reserve

  33. Waiting Period

  34. Waiver Of Coinsurance Clause

  35. Waiver Of Inventory Clause

  36. Waiver Of Premium For Disability

  37. Waiver Of Premium For Payer Benefit

  38. Waiver Of Premium Rider

  39. Waiver Of Restoration Premium

  40. Waiver Of Subrogation

  41. War Damage Insurance Corporation

  42. War Exclusion Clause

  43. War Risk Insurance

  44. Warehouse-To-Warehouse Clause

  45. Warehouser's Liability Form

  46. Water Damage Clause

  47. Water Damage Insurance

  48. Water Damage Legal Liability Insurance

  49. Water Exclusion Clause

  50. Water Pollution Liability

  51. Water Quality Insurance Syndicate - WQIS

  52. Watercraft Nonowned Insurance

  53. Waterfall Concept

  54. Wear And Tear Exclusion

  55. Weather Insurance

  56. Wedding Presents Floater

  57. Weekly Premium Insurance

  58. Weight Of Ice, Snow Or Sleet Insurance

  59. Wellness Program

  60. White List States

  61. Whole Life Annuity

  62. Whole Life Annuity Due

  63. Whole Life Insurance Policy

  64. Wholesale Insurance

  65. Wholesale Life Insurance

  66. Window Guaranteed Investment Contract

  67. Windstorm Hazard

  68. Windstorm Insurance

  69. Winter Range Form

  70. Wisconsin State Life Fund

  71. Without Evidence of Insurability

  72. Women Leaders Round Table - WLRT

  73. Wool Growers Floater

  74. Work And Materials Clause

  75. Workers' Compensation

  76. Workers' Compensation Coverage A

  77. Workers' Compensation Coverage B

  78. World Insurance

  79. Worldwide Coverage

  80. Wrap-Around Insurance Program

  81. Wrap-Up Insurance

  82. Written Premium

  83. Yacht Insurance

  84. Yearly Price Of Protection Method

  85. Yearly Probability Of Dying

  86. Yearly Probability Of Living

  87. Yearly Renewable Group Term Insurance

  88. Yearly Renewable Term - YRT

  89. Yearly Renewable Term Plan of Reinsurance

  90. Years Certain Annuity

Hot Definitions
  1. Direct Consolidation Loan

    A loan that combines two or more federal education loans into a single loan. A Direct Consolidation Loan allows the borrower to make a single monthly payment. The loan is facilitated by the U.S. Department of Education and does not require borrowers to pay an application fee.
  2. Through Fund

    A type of target-date retirement fund whose asset allocation includes higher risk and potentially higher return investments "through" the fund's target date and beyond.
  3. Last In, First Out - LIFO

    An asset-management and valuation method that assumes that assets produced or acquired last are the ones that are used, sold or disposed of first.
  4. Variable Universal Life Insurance - VUL

    A form of cash-value life insurance that offers both a death benefit and an investment feature. The premium amount for variable universal life insurance (VUL) is flexible and may be changed by the consumer as needed, though these changes can result in a change in the coverage amount.
  5. Monetary Policy

    The actions of a central bank, currency board or other regulatory committee that determine the size and rate of growth of the money supply, which in turn affects interest rates. Monetary policy is maintained through actions such as increasing the interest rate, or changing the amount of money banks need to keep in the vault (bank reserves).
  6. Weak Shorts

    Traders or investors who hold a short position in a stock or other financial asset who will close it out at the first indication of price strength. Weak shorts are typically investors with limited financial capacity, which may preclude them from taking on too much risk on a single short position.
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