Tag: life
National Organization Of Life And Health Insurance Guaranty Associations (NOLHGA)
What is 'National Organization Of Life And Health Insurance Guaranty Associations - NOLHGA' NOLHGA is a voluntary organization of U.S. life- and...
Premium Definition
Premium, in the simplest of terms, is the total cost of any option. It is basically the sum of your option’s time and intrinsic...
Depreciation
What is depreciation and how does it work
Depreciation is an accounting method used to spread the cost of a long-term asset over its useful...
Qualified Joint And Survivor Annuity (QJSA)
What is 'Qualified Joint And Survivor Annuity - QJSA'
An annuity payment from a qualified plan or 403(b) account that provides a life annuity to...
Life Insurance
DefinitionLife insurance is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary...
Values
What is 'Values' The worth of a nonforfeiture clause that specifies that an insured party would receive the equity from a life...
Unamortized Bond Premium
What is 'Unamortized Bond Premium' The difference between the par-value or face-value of a bond and the price above this face value,...
Uncle Sam
What is 'Uncle Sam' A nickname dating back to 1812 used to refer to the U.S. government. The term is said to...
Unbundled Life Insurance Policy
What is ‘Unbundled Life Insurance Policy'
An unbundled life insurance policy is a type of insurance policy and planned financial protection that offers money to...
Jean-Baptiste Say
DefinitionJean-Baptiste Say was a French economist and businessman. He had classically liberal views and argued in favor of competition, free trade, and lifting restraints...