Life Insurance Terms Glossary
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Life Insurance Terms Glossary in alphabetical order. Click on
the relevant life insurance term for the definition. Or visit our
life insurance quotes
and information section for further information about life insurance
and term life insurance.
A
Accelerated
death benefit
Accidental death
Actuary
Administrative fee
Agent
Annuity
Annuity Certain
Annuitant
Application
Assignment
Automatic premium loan
Attained age
B
Beneficiary
Bonus Rate Annuity
Burial policy
C
Cash Value
Cash surrender value
Certificate
Chartered Life
Underwriter - CLU
Churn
Commission
Commissioner
Contestable period
Conversion
Cost of insurance
Credit life
D
Death benefit
Decreasing term
Debit policy
Direct response
Dividends
Double indemnity
E
Endowment
F
Face amount
Family history
Financial rating
First to die
Fraud
Free look
G
Genetic
testing
Grace period
Group life
Guaranteed issue
Guaranteed rate
I
Illustration
Industrial life
In force
Insurable interest
Interpleader
Irrevocable assignment
L
Lapse
Liquidation
Living need
Loan
Low value policy
M
Morbidity
Mortality tables
N
Nonforfeiture
Non-participating
policy ("non-par" policy)
O
Outlay
P
Paid-up
additions
Paid-up
Participating
policy ("par" policy)
Payout method
Policy owner
Preferred rate
Premium
Pre-need contract
R
Reinstatement
period
Renewable term
Replacement
Rider
Risk
Risk factor
S
Settlement
option
Suicide clause
Surrender charge
T
TAMRA
Term life insurance
U
Underwriting
Universal life
V
Vanishing
premium
Variable life
Viatical settlement
W
Waiver
of premium
Whole life insurance
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