Life Insurance - Article Index

Encyclopedia - Life Insurance: Encyclopedia Ii - Life Insurance - Types Of Life Insurance
Life insurance may be divided into two basic classes – term and permanent. Life insurance - Term. Term life insurance (Term Assurance...   » Read the article

Encyclopedia - Insurance: Encyclopedia Ii - Insurance - Life Insurance And Saving
Certain life insurance contracts accumulate cash values, which may be taken by the insured if the policy is surrendered or which may be b...   » Read the article

Dictionary - Life Insurance: Insurance Glossary Dictionary Iv - Life Insurance
Definition and meaning of LIFE INSURANCE :   LIFE INSURANCE: See Ordinary life insurance; Term insurance; Variable life insuran...   » Read the article

Encyclopedia - Life Insurance: Encyclopedia Ii - Life Insurance - History
Insurance began as a way of reducing the risk of traders, as early as 5000 BC in China and 4500 BC in Babylon. Life insurance dates only ...   » Read the article

Encyclopedia - Life Insurance: Encyclopedia Ii - Life Insurance - How Life Insurance Works
There are three parties in a life insurance transaction: the insurer, the insured, and the owner of the policy (policyholder), although t...   » Read the article

Encyclopedia - Life Insurance: Encyclopedia Ii - Life Insurance - Taxation Of Life Insurance In The United States
Premiums paid by the policy owner are normally not deductible for federal and state income tax purposes. Proceeds paid by the insurer upo...   » Read the article

Encyclopedia - Life Insurance: Encyclopedia Ii - Life Insurance - Related Life Insurance Products
Riders are modifications to the insurance policy added at the same the policy is issued. These riders change the basic policy to provide ...   » Read the article

Dictionary - Debit Life Insurance: Life Insurance Glossary Dictionary - Debit Life Insurance
Definition and meaning of Debit Life Insurance :   Debit Life Insurance: See Industrial Life Insurance. (LI) (Source: InsWe...   » Read the article

Dictionary - Insured Or Insured Life: Insurance Business Glossary Dictionary - Insured Or Insured Life
Definition and meaning of Insured or Insured Life :   Insured or Insured Life: The person on whose life the policy is issued. ...   » Read the article

Encyclopedia - Life Insurance: Encyclopedia Ii - Life Insurance - Taxation Of Life Assurance In The United Kingdom
Premiums are not usually allowable against income tax or corporation tax, however qualifying policies issued prior to 14th March 1984 do ...   » Read the article

Encyclopedia - Term Life Insurance: Encyclopedia Ii - Term Life Insurance - Concepts
Term life insurance - Theory of decreasing responsibility. Term insurance should be purchased with the Theory of Decreasing responsibil...   » Read the article

Dictionary - Life Insurance, Ordinary: Life Insurance Glossary Dictionary - Life Insurance, Ordinary
Definition and meaning of Life Insurance, Ordinary :   Life Insurance, Ordinary: See Ordinary Life Insurance. (LI) (Source:...   » Read the article

Dictionary - Life Insurance, Straight: Life Insurance Glossary Dictionary - Life Insurance, Straight
Definition and meaning of Life Insurance, Straight :   Life Insurance, Straight: See Ordinary Life Insurance. (LI) (Source:...   » Read the article

Dictionary - Life Insurance, Whole Life: Life Insurance Glossary Dictionary - Life Insurance, Whole Life
Definition and meaning of Life Insurance, Whole Life :   Life Insurance, Whole Life: See Whole Life Insurance. (LI) (Source...   » Read the article

Dictionary - Joint Life Insurance: Life Insurance Glossary Dictionary - Joint Life Insurance
Definition and meaning of Joint Life Insurance :   Joint Life Insurance: See Joint Insurance. (LI) (Source: InsWeb)  ...   » Read the article

Dictionary - Individual Life Insurance: Life Insurance Glossary Dictionary - Individual Life Insurance
Definition and meaning of Individual Life Insurance :   Individual Life Insurance: (1) That type of Life Insurance which covers...   » Read the article

Dictionary - Institute Of Life Insurance: Life Insurance Glossary Dictionary - Institute Of Life Insurance
Definition and meaning of Institute of Life Insurance :   Institute of Life Insurance: Formerly an agency of the Life Insurance...   » Read the article

Dictionary - Permanent Life Insurance: Life Insurance Glossary Dictionary - Permanent Life Insurance
Definition and meaning of Permanent Life Insurance :   Permanent Life Insurance: A term loosely applied to Life Insurance polic...   » Read the article

Dictionary - Dependent Life Insurance: Life Insurance Glossary Dictionary - Dependent Life Insurance
Definition and meaning of Dependent Life Insurance :   Dependent Life Insurance: A life insurance benefit which is part of a gr...   » Read the article

Dictionary - Industrial Life Insurance: Life Insurance Glossary Dictionary - Industrial Life Insurance
Definition and meaning of Industrial Life Insurance :   Industrial Life Insurance: One of the major classes of insurance. It is...   » Read the article

Dictionary - Split Life Insurance: Life Insurance Glossary Dictionary - Split Life Insurance
Definition and meaning of Split Life Insurance :   Split Life Insurance: A combination of Installment Annuity and Term Insuranc...   » Read the article

Dictionary - Credit Life Insurance: Life Insurance Glossary Dictionary - Credit Life Insurance
Definition and meaning of Credit Life Insurance :   Credit Life Insurance: A group life insurance contract whereby a creditor i...   » Read the article

Dictionary - Association Of Life Insurance Council: Life Insurance Glossary Dictionary - Association Of Life Insurance Council
Definition and meaning of Association of Life Insurance Council :   Association of Life Insurance Council: An organization of L...   » Read the article

Dictionary - Savings Bank Life Insurance: Life Insurance Glossary Dictionary - Savings Bank Life Insurance
Definition and meaning of Savings Bank Life Insurance :   Savings Bank Life Insurance: Life Insurance sold by mutual savings ba...   » Read the article

Dictionary - Life Insurance Trust: Life Insurance Glossary Dictionary - Life Insurance Trust
Definition and meaning of Life Insurance Trust :   Life Insurance Trust: A type of Life Insurance policy where a trust company ...   » Read the article

Dictionary - Life Insurance, Narrow: Life Insurance Glossary Dictionary - Life Insurance, Narrow
Definition and meaning of Life Insurance, Narrow :   Life Insurance (Narrow): An agreement that guarantees the payment of a sta...   » Read the article

Dictionary - Life Insurers Conference: Life Insurance Glossary Dictionary - Life Insurers Conference
Definition and meaning of Life Insurers Conference :   Life Insurers Conference: An organization that provides for exchange of ...   » Read the article

Dictionary - Life Insurance, Generic: Life Insurance Glossary Dictionary - Life Insurance, Generic
Definition and meaning of Life Insurance, Generic :   Life Insurance (Generic): A contractual system of risk sharing under whic...   » Read the article

Dictionary - Variable Life Insurance: Life Insurance Glossary Dictionary - Variable Life Insurance
Definition and meaning of Variable Life Insurance :   Variable Life Insurance: A form whose face value varies depending upon th...   » Read the article

Dictionary - Whole Life Insurance: Life Insurance Glossary Dictionary - Whole Life Insurance
Definition and meaning of Whole Life Insurance :   Whole Life Insurance: Insurance which may be kept in force for a person's wh...   » Read the article

Dictionary - Group Life Insurance: Life Insurance Glossary Dictionary - Group Life Insurance
Definition and meaning of Group Life Insurance :   Group Life Insurance: Life Insurance provided for members of a group. It is ...   » Read the article

Dictionary - Juvenile Insurance: Life Insurance Glossary Dictionary - Juvenile Insurance
Definition and meaning of Juvenile Insurance :   Juvenile Insurance: Life insurance written on a child. (LI) (Source: InsWeb...   » Read the article

Dictionary - Evidence Of Insurability: Life Insurance Glossary Dictionary - Evidence Of Insurability
Definition and meaning of Evidence of Insurability :   Evidence of Insurability: The statement of information needed for the un...   » Read the article

Dictionary - Insurance In Force: Life Insurance Glossary Dictionary - Insurance In Force
Definition and meaning of Insurance In Force :   Insurance In Force: The face amounts of contracts still to be paid out to insu...   » Read the article

Dictionary - Group Permanent Life Insurance: Life Insurance Glossary Dictionary - Group Permanent Life Insurance
Definition and meaning of Group Permanent Life Insurance :   Group Permanent Life Insurance: A form of Life Insurance under whi...   » Read the article

Dictionary - Guaranteed Insurability: Life Insurance Glossary Dictionary - Guaranteed Insurability
Definition and meaning of Guaranteed Insurability :   Guaranteed Insurability: An option in Life and Health Insurance contracts...   » Read the article

Dictionary - Life Expectancy Term Insurance: Life Insurance Glossary Dictionary - Life Expectancy Term Insurance
Definition and meaning of Life Expectancy Term Insurance :   Life Expectancy Term Insurance: A form of Term Life Insurance that...   » Read the article

Dictionary - Home Service Life Insurance: Life Insurance Glossary Dictionary - Home Service Life Insurance
Definition and meaning of Home Service Life Insurance :   Home Service Life Insurance: See Industrial Life Insurance. (LI) ...   » Read the article

Dictionary - Fraternal Insurance: Life Insurance Glossary Dictionary - Fraternal Insurance
Definition and meaning of Fraternal Insurance :   Fraternal Insurance: Insurance offered a special group of people, namely, mem...   » Read the article

Dictionary - Classified Insurance: Life Insurance Glossary Dictionary - Classified Insurance
Definition and meaning of Classified Insurance :   Classified Insurance: Life or Health Insurance on risks which do not meet th...   » Read the article

Dictionary - Joint Insurance: Life Insurance Glossary Dictionary - Joint Insurance
Definition and meaning of Joint Insurance :   Joint Insurance: Insurance written on two or more persons with benefits usually p...   » Read the article

Dictionary - Endowment Insurance: Life Insurance Glossary Dictionary - Endowment Insurance
Definition and meaning of Endowment Insurance :   Endowment Insurance: A form of Life Insurance where the face amount is payabl...   » Read the article

Dictionary - Cost Of Insurance: Life Insurance Glossary Dictionary - Cost Of Insurance
Definition and meaning of Cost of Insurance :   Cost of Insurance: The amount a policy owner pays to an insurer, minus what he ...   » Read the article

Dictionary - Business Insurance: Life Insurance Glossary Dictionary - Business Insurance
Definition and meaning of Business Insurance :   Business Insurance: Policies written for business purposes, such as key employ...   » Read the article

Dictionary - Term Insurance: Life Insurance Glossary Dictionary - Term Insurance
Definition and meaning of Term Insurance :   Term Insurance: The type of Life Insurance policy that provides protection only fo...   » Read the article

Dictionary - Partnership Insurance: Life Insurance Glossary Dictionary - Partnership Insurance
Definition and meaning of Partnership Insurance :   Partnership Insurance: Life or Health Insurance sold to a partnership, usua...   » Read the article

Dictionary - Franchise Insurance: Life Insurance Glossary Dictionary - Franchise Insurance
Definition and meaning of Franchise Insurance :   Franchise Insurance: A plan for covering groups of persons with individual po...   » Read the article

Dictionary - Mortgage Insurance: Life Insurance Glossary Dictionary - Mortgage Insurance
Definition and meaning of Mortgage Insurance :   Mortgage Insurance: In Life and Health Insurance, a policy covering a mortgago...   » Read the article

Dictionary - American Council Of Life Insurance, Inc: Life Insurance Glossary Dictionary - American Council Of Life Insurance, Inc
Definition and meaning of American Council of Life Insurance, Inc :   American Council of Life Insurance, Inc: An association m...   » Read the article

Dictionary - Scheduled Premium Variable Life Insurance: Life Insurance Glossary Dictionary - Scheduled Premium Variable Life Insurance
Definition and meaning of Scheduled Premium Variable Life Insurance :   Scheduled Premium Variable Life Insurance: A whole life...   » Read the article

Dictionary - Adjustable Life: Life Insurance Glossary Dictionary - Adjustable Life
Definition and meaning of Adjustable Life :   Adjustable Life: A form of life insurance which allows changes on the policy face...   » Read the article

Dictionary - Life Underwriter: Life Insurance Glossary Dictionary - Life Underwriter
Definition and meaning of Life Underwriter :   Life Underwriter: Usually, a Life Insurance agent. It can be more narrowly defin...   » Read the article

Dictionary - Expectation Of Life: Life Insurance Glossary Dictionary - Expectation Of Life
Definition and meaning of Expectation of Life :   Expectation of Life: The average number of years of life remaining for person...   » Read the article

Dictionary - Life Conservation: Life Insurance Glossary Dictionary - Life Conservation
Definition and meaning of Life Conservation :   Life Conservation: The administration of efforts to preserve human life through...   » Read the article

Dictionary - Life Expectancy: Life Insurance Glossary Dictionary - Life Expectancy
Definition and meaning of Life Expectancy :   Life Expectancy: The average number of years remaining for a person of a given ag...   » Read the article

Dictionary - Life Income: Life Insurance Glossary Dictionary - Life Income
Definition and meaning of Life Income :   Life Income: A settlement option under which equal installments are paid as long as t...   » Read the article

Dictionary - Wholesale Group Insurance: Life Insurance Glossary Dictionary - Wholesale Group Insurance
Definition and meaning of Wholesale Group Insurance :   Wholesale Group Insurance: See Franchise Insurance. (LI,H) (Source:...   » Read the article

Dictionary - Risk Premium Insurance: Life Insurance Glossary Dictionary - Risk Premium Insurance
Definition and meaning of Risk Premium Insurance :   Risk Premium Insurance: See Yearly Renewable Term. (LI) (Source: InsWeb...   » Read the article

Dictionary - Term Life Insurance: Insurance Glossary Dictionary Iv - Term Life Insurance
Definition and meaning of TERM LIFE INSURANCE :   TERM LIFE INSURANCE: A form of life insurance that covers the insured person ...   » Read the article

Dictionary - Life Insurance: Insurance Glossary Dictionary Ii - Life Insurance
Definition and meaning of Life insurance :   A policy that pays a specified sum to beneficiaries upon the death of the life ass...   » Read the article

Dictionary - Life Insurance: Insurance Business Glossary Dictionary - Life Insurance
Definition and meaning of Life Insurance :   Life Insurance: Insurance providing for payment of a specified amount on the insur...   » Read the article

Dictionary - Ordinary Life Insurance: Insurance Glossary Dictionary Iv - Ordinary Life Insurance
Definition and meaning of ORDINARY LIFE INSURANCE :   ORDINARY LIFE INSURANCE: A life insurance policy that remains in force fo...   » Read the article

Dictionary - Dual Life Insurance: Insurance Glossary Dictionary Iii - Dual Life Insurance
Definition and meaning of dual life insurance :   dual life insurance: Another name for second-to-die insurance. (Source: Ba...   » Read the article

Dictionary - Adjustable Life Insurance: Insurance Glossary Dictionary Iv - Adjustable Life Insurance
Definition and meaning of ADJUSTABLE LIFE INSURANCE :   ADJUSTABLE LIFE INSURANCE*: A form of life insurance that allows policy...   » Read the article

Dictionary - Permanent Life Insurance: Insurance Glossary Dictionary Iii - Permanent Life Insurance
Definition and meaning of permanent life insurance :   permanent life insurance: A phrase used to cover any form of life insura...   » Read the article

Dictionary - Industrial Life Insurance: Insurance Glossary Dictionary Iii - Industrial Life Insurance
Definition and meaning of industrial life insurance :   industrial life insurance: Life insurance issued in small amounts, usua...   » Read the article

Dictionary - Credit Life Insurance: Insurance Glossary Dictionary Iv - Credit Life Insurance
Definition and meaning of CREDIT LIFE INSURANCE :   CREDIT LIFE INSURANCE: Life insurance coverage on a borrower designed to re...   » Read the article

Dictionary - Whole Life Insurance: Insurance Glossary Dictionary Iii - Whole Life Insurance
Definition and meaning of whole life insurance :   whole life insurance: A plan of insurance for life, with premiums payable fo...   » Read the article

Dictionary - Adjustable Life Insurance: Insurance Glossary Dictionary Iii - Adjustable Life Insurance
Definition and meaning of adjustable life insurance :   adjustable life insurance: A type of insurance that allows the policyho...   » Read the article

Dictionary - Whole Life Insurance: Insurance Business Glossary Dictionary - Whole Life Insurance
Definition and meaning of Whole Life Insurance :   Whole Life Insurance: Life insurance payable to a beneficiary at the death o...   » Read the article

Dictionary - Ordinary Life Insurance: Insurance Glossary Dictionary Iii - Ordinary Life Insurance
Definition and meaning of ordinary life insurance :   ordinary life insurance: Life insurance usually issued in amounts of $1,0...   » Read the article

Dictionary - Life Insurance In Force: Insurance Glossary Dictionary Iii - Life Insurance In Force
Definition and meaning of life insurance in force :   life insurance in force: The sum of the face amounts, plus dividend addit...   » Read the article

Dictionary - Fraternal Life Insurance: Insurance Glossary Dictionary Iii - Fraternal Life Insurance
Definition and meaning of fraternal life insurance :   fraternal life insurance: Life insurance provided by fraternal orders or...   » Read the article

Dictionary - Credit Life Insurance: Insurance Glossary Dictionary Iii - Credit Life Insurance
Definition and meaning of credit life insurance :   credit life insurance: Term life insurance issued through a lender or lendi...   » Read the article

Dictionary - Term Life Insurance: Insurance Glossary Dictionary Ii - Term Life Insurance
Definition and meaning of Term life insurance :   A life insurance policy that pays the sum insured only if the life assured di...   » Read the article

Dictionary - Permanent Life Insurance: Insurance Business Glossary Dictionary - Permanent Life Insurance
Definition and meaning of Permanent Life Insurance :   Permanent Life Insurance: A phrase used to cover any form of life insura...   » Read the article

Dictionary - Whole Life Insurance: Insurance Glossary Dictionary Iv - Whole Life Insurance
Definition and meaning of WHOLE LIFE INSURANCE :   WHOLE LIFE INSURANCE: The oldest kind of cash value life insurance that comb...   » Read the article

Dictionary - Modified Life Insurance: Insurance Glossary Dictionary Iii - Modified Life Insurance
Definition and meaning of modified life insurance :   modified life insurance: A type of whole life policy with a premium that ...   » Read the article

Dictionary - Industrial Life Insurance: Insurance Business Glossary Dictionary - Industrial Life Insurance
Definition and meaning of Industrial Life Insurance :   Industrial Life Insurance: Life insurance issued in small amounts, usua...   » Read the article

Dictionary - Life Insurance Programming: Insurance Business Glossary Dictionary - Life Insurance Programming
Definition and meaning of Life Insurance Programming :   Life Insurance Programming: Systematic method of determining the insur...   » Read the article

Dictionary - Straight Life Insurance: Insurance Business Glossary Dictionary - Straight Life Insurance
Definition and meaning of Straight Life Insurance :   Straight Life Insurance: Whole life insurance on which premiums are payab...   » Read the article

Dictionary - Whole Life Insurance: Insurance Business Glossary Dictionary - Whole Life Insurance
Definition and meaning of Whole Life Insurance :   Whole Life Insurance: A plan of insurance for the whole of life. It includes...   » Read the article

Dictionary - Business Life Insurance: Insurance Business Glossary Dictionary - Business Life Insurance
Definition and meaning of Business Life Insurance :   Business Life Insurance: Life insurance purchased by a business enterpris...   » Read the article

Dictionary - Business Life Insurance: Insurance Glossary Dictionary Iii - Business Life Insurance
Definition and meaning of business life insurance :   business life insurance: Life insurance purchased by a business enterpris...   » Read the article

Dictionary - Adjustable Life Insurance: Insurance Business Glossary Dictionary - Adjustable Life Insurance
Definition and meaning of Adjustable Life Insurance :   Adjustable Life Insurance: A type of insurance that allows the policyho...   » Read the article

Dictionary - Industrial Life Insurance: Insurance Business Glossary Dictionary - Industrial Life Insurance
Definition and meaning of Industrial Life Insurance :   Industrial Life Insurance: A class of life insurance that is usually is...   » Read the article

Dictionary - Life Insurance In Force: Insurance Business Glossary Dictionary - Life Insurance In Force
Definition and meaning of Life Insurance in Force :   Life Insurance in Force: The sum of the face amounts, plus dividend addit...   » Read the article

Dictionary - Ordinary Life Insurance: Insurance Business Glossary Dictionary - Ordinary Life Insurance
Definition and meaning of Ordinary Life Insurance :   Ordinary Life Insurance: Life insurance usually issued in amounts of $1,0...   » Read the article

Dictionary - Group Life Insurance: Insurance Glossary Dictionary Iii - Group Life Insurance
Definition and meaning of group life insurance :   group life insurance: Life insurance that usually does not require medical e...   » Read the article

Dictionary - Universal Life Insurance: Insurance Glossary Dictionary Iii - Universal Life Insurance
Definition and meaning of universal life insurance :   universal life insurance: Unlike traditional cash-value policies (known ...   » Read the article

Dictionary - Variable Life Insurance: Insurance Glossary Dictionary Iii - Variable Life Insurance
Definition and meaning of variable life insurance :   variable life insurance: True investment characteristics were introduced ...   » Read the article

Dictionary - Stock Life Insurance Company: Insurance Business Glossary Dictionary - Stock Life Insurance Company
Definition and meaning of Stock Life Insurance Company :   Stock Life Insurance Company: A life insurance company owned by stoc...   » Read the article

Dictionary - Decreasing Term Life Insurance: Insurance Glossary Dictionary Iv - Decreasing Term Life Insurance
Definition and meaning of DECREASING TERM LIFE INSURANCE :   DECREASING TERM LIFE INSURANCE*: Term life insurance that provides...   » Read the article

Dictionary - Increasing Term Life Insurance: Insurance Glossary Dictionary Iv - Increasing Term Life Insurance
Definition and meaning of INCREASING TERM LIFE INSURANCE :   INCREASING TERM LIFE INSURANCE*: A type of term life insurance tha...   » Read the article

Dictionary - Group Life Insurance: Insurance Business Glossary Dictionary - Group Life Insurance
Definition and meaning of Group Life Insurance :   Group Life Insurance: Life insurance usually without medical examination, on...   » Read the article

Dictionary - Universal Life Insurance: Insurance Business Glossary Dictionary - Universal Life Insurance
Definition and meaning of Universal Life Insurance :   Universal Life Insurance: A flexible premium life insurance policy under...   » Read the article

Dictionary - Variable Life Insurance: Insurance Business Glossary Dictionary - Variable Life Insurance
Definition and meaning of Variable Life Insurance :   Variable Life Insurance: Life insurance under which the benefits relate t...   » Read the article

Dictionary - Variable Life Insurance: Insurance Glossary Dictionary Iv - Variable Life Insurance
Definition and meaning of VARIABLE LIFE INSURANCE :   VARIABLE LIFE INSURANCE: A policy that combines protection against premat...   » Read the article

Dictionary - Limited Payment Life Insurance: Insurance Glossary Dictionary Iii - Limited Payment Life Insurance
Definition and meaning of limited payment life insurance :   limited payment life insurance: Whole life insurance on which prem...   » Read the article

Dictionary - Mutual Life Insurance Company: Insurance Glossary Dictionary Iii - Mutual Life Insurance Company
Definition and meaning of mutual life insurance company :   mutual life insurance company: A life insurance company owned by po...   » Read the article