Glossary of Life Insurance Terms

Policy Glossary of Terms

ABSOLUTE ASSIGNMENT: A transfer of a policy through which the policyowner shifts full and absolute control and all policy rights to the assignee. See also: assignment; collateral assignment.   ABSOLUTE OWNERSHIP: All legal rights and control of the incidents of ownership (e.g., selection of beneficiaries, settlement options, etc.) in a policy, without limitation, qualification, or restriction, […]

Split-Dollar Life Insurance FAQs

Split-Dollar Life Insurance FAQs

There are questions surrounding split-dollar life insurance. Life insurance is a big deal in any household. Without it, you’d have to worry about your loved ones. There are many options to choose from when it comes to buying life insurance. Our experts answer some questions revolving around this topic. Question – What are the grandfathering […]

Section 162 Plans FAQs

There are questions surrounding Section 162 plans. Life insurance is a big deal in any household. Without it, you’d have to worry about your loved ones. There are many options to choose from when it comes to buying life insurance. Our experts answer some questions revolving around this topic. Question – What is a controlled […]

Pension Maximization FAQs

Pension Maximization FAQs

There are questions surrounding the pension maximization of life insurance. Life insurance is a big deal in any household. Without it, you’d have to worry about your loved ones. There are many options to choose from when it comes to buying life insurance. Our experts answer some questions revolving around this topic. Question – How […]

Nonqualified Deferred Compensation FAQs

Nonqualified Deferred Compensation FAQs

There are questions surrounding nonqualified deferred compensation in life insurance. Life insurance is a big deal in any household. Without it, you’d have to worry about your loved ones. There are many options to choose from when it comes to buying life insurance. Our experts answer some questions revolving around this topic. Question – Where […]

Life Insurance in Qualified Plans FAQs

Life Insurance in Qualified Plans FAQs

There are questions surrounding life insurance in qualified plans. Life insurance is a big deal in any household. Without it, you’d have to worry about your loved ones. There are many options to choose from when it comes to buying life insurance. Our experts answer some questions revolving around this topic. Question – Can life […]

Key Employee Life Insurance FAQs

Key Employee Life Insurance FAQs

There are questions surrounding the key employee life insurance plans. Life insurance is a big deal in any household. Without it, you’d have to worry about your loved ones. There are many options to choose from when it comes to buying life insurance. Our experts answer some questions revolving around this topic. Question – Is […]

Death Benefit Only Plan FAQs

Death Benefit Only Plan FAQs

There are questions surrounding the death benefit only plan of life insurance. Life insurance is a big deal in any household. Without it, you’d have to worry about your loved ones. There are many options to choose from when it comes to buying life insurance. Our experts answer some questions revolving around this topic. Question […]

Charitable Uses of Life Insurance FAQs

Charitable Uses of Life Insurance FAQs

There are questions surrounding the charitable uses of life insurance. Life insurance is a big deal in any household. Without it, you’d have to worry about your loved ones. There are many options to choose from when it comes to buying life insurance. Our experts answer some questions revolving around this topic. Question – How […]

Buy-Sell Agreements FAQs

Buy-Sell Agreements FAQs

There are questions surrounding buy-sell agreements. Life insurance is a big deal in any household. Without it, you’d have to worry about your loved ones. There are many options to choose from when it comes to buying life insurance. Our experts answer some questions revolving around this topic. Question – What should be done with […]