Definition and meaning of ADJUSTABLE LIFE INSURANCE :

ADJUSTABLE LIFE INSURANCE*: A form of life insurance that allows policy owners to vary the type of coverage provided by their policies as their insurance needs change.

(Source: Insurance Information Institute )

Also see these pages: ADJUSTABLE LIFE INSURANCE , Insurance, Insurance Sitemap, Insurance Dictionary - A

For more dictionary entries, see » Life Insurance Dictionary

Definition and meaning of permanent life insurance :

permanent life insurance: A phrase used to cover any form of life insurance except term; generally insurance that accrues cash value, such as whole life or endowment

(Source: Bank of America )

Also see these pages: permanent life insurance , Insurance, Insurance Sitemap, Insurance Dictionary - P

For more dictionary entries, see » Life Insurance Dictionary

Definition and meaning of industrial life insurance :

industrial life insurance: Life insurance issued in small amounts, usually less than $1,000, with premiums payable on a weekly or monthly basis. The premiums are generally collected at the home by an agent of the company. Sometimes referred to as debit insurance.

(Source: Bank of America )

Also see these pages: industrial life insurance , Insurance, Insurance Sitemap, Insurance Dictionary - I

For more dictionary entries, see » Life Insurance Dictionary

Definition and meaning of CREDIT LIFE INSURANCE :

CREDIT LIFE INSURANCE: Life insurance coverage on a borrower designed to repay the balance of a loan in the event the borrower dies before the loan is repaid. It may also include disablement and can be offered as an option in connection with credit cards and auto loans.

(Source: Insurance Information Institute )

Also see these pages: CREDIT LIFE INSURANCE , Insurance, Insurance Sitemap, Insurance Dictionary - C

For more dictionary entries, see » Life Insurance Dictionary

Definition and meaning of whole life insurance :

whole life insurance: A plan of insurance for life, with premiums payable for a person's entire life.

(Source: Bank of America )

Also see these pages: whole life insurance , Insurance, Insurance Sitemap, Insurance Dictionary - W

For more dictionary entries, see » Life Insurance Dictionary

Definition and meaning of adjustable life insurance :

adjustable life insurance: A type of insurance that allows the policyholder to change the plan of insurance, raise or lower the face amount of the policy, increase or decrease the premium and lengthen or shorten the protection period.

(Source: Bank of America )

Also see these pages: adjustable life insurance , Insurance, Insurance Sitemap, Insurance Dictionary - A

For more dictionary entries, see » Life Insurance Dictionary

Definition and meaning of Whole Life Insurance :

Whole Life Insurance: Life insurance payable to a beneficiary at the death of the insured whenever that occurs. Premiums may be payable for a specified number of years (limited payment life) or for life (straight life).

(Source: The Haskayne School of Business at the University of Calgary )

Also see these pages: Whole Life Insurance , Insurance Business, Insurance Business Sitemap,  Insurance, Insurance Sitemap, Insurance Dictionary - W

For more dictionary entries, see » Life Insurance Dictionary

Definition and meaning of ordinary life insurance :

ordinary life insurance: Life insurance usually issued in amounts of $1,000 or more with premiums payable on an annual, semi-annual, quarterly or monthly basis.

(Source: Bank of America )

Also see these pages: ordinary life insurance , Insurance, Insurance Sitemap, Insurance Dictionary - O

For more dictionary entries, see » Life Insurance Dictionary

Definition and meaning of life insurance in force :

life insurance in force: The sum of the face amounts, plus dividend additions, of life insurance policies outstanding at a given time. Additional amounts payable under accidental death or other special provisions are not included.

(Source: Bank of America )

Also see these pages: life insurance in force , Insurance, Insurance Sitemap, Insurance Dictionary - L

For more dictionary entries, see » Life Insurance Dictionary

Definition and meaning of fraternal life insurance :

fraternal life insurance: Life insurance provided by fraternal orders or societies to their members.

(Source: Bank of America )

Also see these pages: fraternal life insurance , Insurance, Insurance Sitemap, Insurance Dictionary - F

For more dictionary entries, see » Life Insurance Dictionary

Definition and meaning of credit life insurance :

credit life insurance: Term life insurance issued through a lender or lending agency to cover payment of a loan, installment purchase or other obligation, in case of death.

(Source: Bank of America )

Also see these pages: credit life insurance , Insurance, Insurance Sitemap, Insurance Dictionary - C

For more dictionary entries, see » Life Insurance Dictionary

Definition and meaning of Term life insurance :

A life insurance policy that pays the sum insured only if the life assured dies within the period of the policy which is for a fixed period.

(Source Lloyd's )

Also see these pages: Term life insurance , Insurance, Insurance Sitemap, Insurance Dictionary - T

For more dictionary entries, see » Life Insurance Dictionary

Definition and meaning of Permanent Life Insurance :

Permanent Life Insurance: A phrase used to cover any form of life insurance except term; generally insurance that accrues cash value, such as whole life or endowment.

(Source: The Haskayne School of Business at the University of Calgary )

Also see these pages: Permanent Life Insurance , Insurance Business, Insurance Business Sitemap,  Insurance, Insurance Sitemap, Insurance Dictionary - P

For more dictionary entries, see » Life Insurance Dictionary

Definition and meaning of WHOLE LIFE INSURANCE :

WHOLE LIFE INSURANCE: The oldest kind of cash value life insurance that combines protection against premature death with a savings account. Premiums are fixed and guaranteed and remain level throughout the policyÕs lifetime.

(Source: Insurance Information Institute )

Also see these pages: WHOLE LIFE INSURANCE , Insurance, Insurance Sitemap, Insurance Dictionary - W

For more dictionary entries, see » Life Insurance Dictionary

Definition and meaning of modified life insurance :

modified life insurance: A type of whole life policy with a premium that is relatively low in the first several years but that increases in later years.

(Source: Bank of America )

Also see these pages: modified life insurance , Insurance, Insurance Sitemap, Insurance Dictionary - M

For more dictionary entries, see » Life Insurance Dictionary

Definition and meaning of Industrial Life Insurance :

Industrial Life Insurance: Life insurance issued in small amounts, usually less than $1,000, with premiums payable on a weekly or monthly basis. The premiums are generally collected at the home by an agent of the company. Sometimes referred to as debit insurance.

(Source: The Haskayne School of Business at the University of Calgary )

Also see these pages: Industrial Life Insurance , Insurance Business, Insurance Business Sitemap,  Insurance, Insurance Sitemap, Insurance Dictionary - I

For more dictionary entries, see » Life Insurance Dictionary

Definition and meaning of Life Insurance Programming :

Life Insurance Programming: Systematic method of determining the insured's financial goals, which are translated into specific amounts of life insurance, then periodically reviewed for possible changes.

(Source: The Haskayne School of Business at the University of Calgary )

Also see these pages: Life Insurance Programming , Insurance Business, Insurance Business Sitemap,  Insurance, Insurance Sitemap, Insurance Dictionary - L

For more dictionary entries, see » Life Insurance Dictionary

Definition and meaning of Straight Life Insurance :

Straight Life Insurance: Whole life insurance on which premiums are payable for life.

(Source: The Haskayne School of Business at the University of Calgary )

Also see these pages: Straight Life Insurance , Insurance Business, Insurance Business Sitemap,  Insurance, Insurance Sitemap, Insurance Dictionary - S

For more dictionary entries, see » Life Insurance Dictionary

Definition and meaning of Whole Life Insurance :

Whole Life Insurance: A plan of insurance for the whole of life. It includes straight life on which premiums are payable until death.

(Source: The Haskayne School of Business at the University of Calgary )

Also see these pages: Whole Life Insurance , Insurance Business, Insurance Business Sitemap,  Insurance, Insurance Sitemap, Insurance Dictionary - W

For more dictionary entries, see » Life Insurance Dictionary

Definition and meaning of Business Life Insurance :

Business Life Insurance: Life insurance purchased by a business enterprise on the life of a member of the firm. It is often bought by partnerships to protect the surviving partners against loss caused by the death of a partner, or by a corporation to reimburse it for loss caused by the death of a key employee.

(Source: The Haskayne School of Business at the University of Calgary )

Also see these pages: Business Life Insurance , Insurance Business, Insurance Business Sitemap,  Insurance, Insurance Sitemap, Insurance Dictionary - B

For more dictionary entries, see » Life Insurance Dictionary

Definition and meaning of business life insurance :

business life insurance: Life insurance purchased by a business enterprise on the life of a member of the firm. It is often bought by partnerships to protect the surviving partners against loss caused by the death of a partner, or by a corporation to reimburse it for loss caused by the death of a key employee. (Also known as key person insurance.)

(Source: Bank of America )

Also see these pages: business life insurance , Insurance, Insurance Sitemap, Insurance Dictionary - B

For more dictionary entries, see » Life Insurance Dictionary

Definition and meaning of Adjustable Life Insurance :

Adjustable Life Insurance: A type of insurance that allows the policyholder to change the plan of insurance, raise or lower the face amount of the policy, increase or decrease the premium and lengthen or shorten the protection period.

(Source: The Haskayne School of Business at the University of Calgary )

Also see these pages: Adjustable Life Insurance , Insurance Business, Insurance Business Sitemap,  Insurance, Insurance Sitemap, Insurance Dictionary - A

For more dictionary entries, see » Life Insurance Dictionary