Tag: life

Yearly Probability Of Living What is 'Yearly Probability Of Living ' A numerical figure that depicts the likelihood of someone living...

What is an 'Immediate Payment Annuity' An immediate payment annuity is an annuity contract that is purchased with a single lump-sum payment...

What is 'Impact Day' The date on which a corporation makes a secondary offering of its shares available for sale to the...

What is an immediate beneficiary An immediate beneficiary is a person or entity who receives benefits from a trust or other financial arrangement immediately, as...

What is 'National Association Of Insurance And Financial Advisors - NAIFA' A nonprofit group that works on behalf of its members to...

What is 'National Association of Investors Corporation - NAIC' A non-profit organization that is dedicated to providing investing education that allows individuals...

What is 'Named Beneficiary' This term refers to any beneficiary named in a will, a trust, an insurance policy, pension plan accounts,...

What is 'Natural Guardian' A child's parent. In divorce situations, the parent with custody is considered the natural guardian. The opposite of...

What is 'National Association of Insurance Commissioners - NAIC' A nationwide organization whose main responsibility is to protect the interests of insurance...

What is 'One Man Picture' A situation in which the bid quote and ask quote for a security is provided by a...