Life insurance

Life insurance

Industry: Insurance

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Life insurance

re-entry

Insurance; Life insurance

Re-entry, which is the allowance for level-premium term policyowners to qualify for another level-premium period, generally with new evidence of insurability.

Fee charged to a policyholder when a life insurance policy or annuity is surrendered for its cash value. This fee reflects expenses the insurance company incurs by placing the policy on its books, ...

reinsurance

Insurance; Life insurance

In effect, insurance that an insurance company buys for its own protection. The risk of loss is spread so a disproportionately large loss under a single policy doesn't fall on one company. ...

surrender period

Insurance; Life insurance

A set amount of time during which you have to keep the majority of your money in an annuity contract. Most surrender periods last from five to 10 years. Most contracts will allow you to take out at ...

reinsurance ceded

Insurance; Life insurance

The unit of insurance transferred to a reinsurer by a ceding company.

term life insurance

Insurance; Life insurance

Life insurance that provides protection for a specified period of time. Common policy periods are one year, five years, 10 years or until the insured reaches age 65 or 70. The policy doesn't build up ...

reinsurance recoverables to policyholder surplus

Insurance; Life insurance

Measures a company's dependence upon its reinsurers and the potential exposure to adjustments on such reinsurance. Its determined from the total ceded reinsurance recoverables due from non-U.S. ...