A universal life policy in which the savings account earns interest according to the performance of a specified index or…

this occurs when the Accumulated Cash Value of a policy falls below the amount of the Surrender Charge that would…

for any particular type of policy, the Lapse Rate is the percentage of those policies that do not remain in…

this term is used to describe those pages of a policy illustration that show Cash Values; ledger pages typically project…

a Death Benefit that does not change over the life of the policy.

“Underwriting” is what insurance companies do when they decide whether to insure someone and how much to charge based on…

a mutual life insurance company is a life insurance company that is owned by its policyholders, not by shareholders. Many…

this is the National Association of Insurance Commissioners, which is a group of state insurance commissioner that, among other things,…

A “permanent” policy is one that has no specified term and obligates the insurer to continue insuring the life of…

for any particular type of policy, the Persistency Rate is the percentage of those policies that remain in force until…