Life Insurance |
Contents
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Common terms and phrases
accumulated actuarial agent American Experience table amount of insurance ance annual level premium annual premium annuity due assets assumed rate beneficiary benefit CALIFORN cash value cent chapter claims clause compound interest computed continue continuous-installment cost creditors disability dividends earnings endowment insurance endowment policy equal expenses face value fund furnish income increasing instances insurable interest insurance company insured's investment issued at age joint-life policy law of average life-insurance companies life-insurance policies limited limited-payment lives loading loss maturity ment method mium mortality table nearly net single premium option ordinary life policy paid-up pany payable period persons policyholder premium payments premiums paid present value probability property insurance protection purchase pure endowment purpose rate of interest reserve risk saving single premium stipulated surance surplus surrender value survival term insurance term policy tion twenty twenty-year types of policies usually whole-life policy