Life Settlement Glossary
Learn more about life settlements through our life settlement glossary. Below is a list of life settlement terms, phrases, and other important information related to the life insurance and life settlement industry. Please contact Welcome Funds directly if you have any further questions related to life settlements.
A
- Absolute Assignment
- Accelerated Death Benefits Rider (ADB)
- Accredited Investor
- Accumulation Value
- Age at Issue
- AM Best Rating Services
- Annual Renewable Term Insurance
- Annuitant Definition
- Application for Insurance
- Assignee on a life insurance policy
- Assignment
- Attained Age
- What is an Actuary?
- What is an Annuity?
B
C
- Cash in Life Insurance Policy
- Cash Surrender Value
- Chronically Ill
- COLI or Corporate Owned Life Insurance
- Collateral Assignment
- Comparable Market Analysis ®
- Confidentiality
- Contestability Period
- Contestable Clause
- Contingent Beneficiary
- Conversion Privilege
- Convertible Term Insurance
- Cost Basis
- Cost of Insurance (COI)
- Covered Life
- Crediting Amount
- Crediting Rate
- Current Assumption
- Current Interest Rate
- Custodian
- What is Certificate of Insurance?
D
E
F
- Definition of Funder
- Face Value Life Insurance
- Family History
- Federal Employee Group Life Insurance (FEGLI)
- Federal Regulations
- Fiduciary Definition
- Financial Assistance with a Life Settlement
- Financial Industry Regulatory Authority (FINRA)
- Financing Entity
- First to Die Policy
- Flexible Premium Adjustable Life
- Funding Company
- Funding Premium
- Life Insurance Fraud
G
H
I
J
K
L
- Lapse Rates | Life Insurance
- Legal Competency
- Letter of Competency
- Level Premium
- Level Premium Period
- Level Term Insurance
- License
- Life Expectancy
- Life Insurance Agent
- Life Insurance Application
- Life Insurance Broker
- Life Insurance Carrier
- Life Insurance Company
- Life Insurance Contract
- Life Insurance Policy
- Life Insurance Policy Lapse Notice
- Life Insurance Policy Owner
- Life Insurance Policyholder
- Life Insurance Settlement Association
- Life Settlement
- Life Settlement Application
- Life Settlement Auction
- Life Settlement Broker
- Life Settlement Contracts
- Life Settlement Double Check
- Life Settlement Marketplace
- Life Settlement Provider
- Life Settlor
- Living Benefits Riders
- loans on life insurance policy
M
- Market Data
- Market Value
- Market Value Pricing ®
- Maturity Date
- Maturity Extension Rider
- Maturity Premium
- Medical Exam
- Medical Information Bureau (MIB Group)
- Medical Records
- Misstatement of Age
- Modal Premium
- Modified Endowment contracts (MEC)
- Monthly Anniversary
- Mortality Charge
- Mortality Multiplier
- Mortality Rating
N
O
P
- 1035 Policy Exchange
- definition of Policy Loan Amount
- Paid-Up Policy
- Permanent Life Insurance
- Policy Anniversary
- Policy Audit
- Policy Date
- Policy Owner
- Policy Provision
- Policy Review
- Policy Type
- Policy Valuation
- Policyholder
- Pre-Market Analysis
- Preferred Rate
- Preferred Risk
- Premium Mode
- Premium Outlay
- Premium Payments
- Price-First
- Pricing Analysis
- Pricing Model
- Primary Beneficiary
- Probabilistic Modeling
- Provision
- Purchase Agreement
- Purchase and Sale Agreement
- What does Payor mean in life insurance?
- What is a Participating Policy?
Q
R
S
- Sales Contract
- Second-to-die (Survivorship) Life Insurance
- Secondary Beneficiary
- Secondary Guarantee
- Secondary Markets
- Security
- Sell Your Life Insurance Policy for Cash
- Seller
- Senior Life Insurance Settlement
- Settlement Option
- SGLI
- Special Purpose Entity
- Split Dollar Life Insurance Policy
- SRO - Self Regulatory Organization
- Standard Risk in Life Insurance
- State Regulations
- Stated Amount
- Stranger Originated Life Insurance Policy
- Suicide Provision or Clause
- Surrender a Life Insurance Policy
- Surrender Charge
- Surrender Value
- What is a Sub-Standard Risk?
- What Is Stochastic Modeling?
T
U
V
- Valuation
- Valuation Date
- Variable Interest Rate
- Variable Universal Life Insurance
- Verification of Coverage (or VOC)
- Veteran's Group Life Insurance (VGLI)
- Viatical
- Viatical & Life Settlement Association of America (VLSAA)
- Viatical Life Settlement Company
- Viatical Market Place
- Viatical Settlement
- Viaticate
- Viator