Life insurance

Life insurance

Contributors in Life insurance

Life insurance

The receipt for payment of the first premium, which assures the applicant that, if he or she dies before receiving the policy, the company will pay the full claims if the policy is issued (or would ...

mortality

Insurance; Life insurance

The relative incidence of death.

surrender

Insurance; Life insurance

The return for cancellation of a policy to the insurer by the policyowner in exchange for the policy’s full cash value or other equivalent nonforfeiture values.

premium mode

Insurance; Life insurance

The specific period chosen to pay life insurance premiums (monthly, annually, quarterly, semi-annually).

insurance coverage

Insurance; Life insurance

The total dollar amount of insurance carried by an individual.

estate planning

Insurance; Life insurance

The total process of planning an estate, including: (a) estate creation and conservation during the owner’s life; (b) the minimization of state shrinkage at death; (c) the creation of adequate ...

Section 1035 exchange

Insurance; Life insurance

Under IRS Section 1035, a policyowner can exchange one life insurance policy with another and transfer the accumulate cash value from the old policy to the new one without incurring any taxes on the ...