Life Insurance Definitions
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Cash Value vs. Surrender Value: What's the Difference?
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What Is Cash Surrender Value? How It Compares to Cash Value
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Insurance Company Credit Rating: Overview and Examples
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Modified Endowment Contract (MEC): Definition and Tax Implication
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Paid-Up Additional Insurance: Definition and the Role of Dividends
Explore Definitions
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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? Factors and Vs. Mortalitiy RateÂ
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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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Policy Loan: Definition, How They Work, Benefits, and Downsides
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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
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Mode of Premium: Meaning, Overview in Life Insurance, FAQ
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Life Settlement
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Actuarial Life Table
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Unsolicited Application
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Yearly Renewable Term (YRT)
Convention Statement Definition
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Transfer-for-Value Rule
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Dread Disease Rider
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Understanding the Insurance Transfer-for-Value Rule
Free of Particular Average (FPA)
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Life Insurance Clauses Determine Your Coverage
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Hazardous Activity
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Noncancellable Insurance Policy
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Incidents of Ownership
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Understand Permanent Life Insurance Illustrations
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Level Death Benefit
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Life Expectancy: It's More Than Just A Number
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Accumulation Option
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Family Income Rider Definition
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Valuation Mortality Table
Actuarial Age
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Group Carve-Out Plan
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Variable Death Benefit
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Mirror Fund
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Surrender Rights
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Underlying Mortality Assumption
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Viator
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Accelerated Option
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Joint-Life Payout
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United States Government Life Insurance (USGLI)
Sprinkling Provision
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Maturity Guarantee
Adjusted Premium Method
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Waterfall Concept
Comparative Interest Rate Method
Transferable Insurance Policies (TIPS)
Yearly Probability of Living
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Clean Sheeting
Aggregate Mortality Table