Tag: policy
Variable Universal Life Insurance (VUL)
What is 'Variable Universal Life Insurance - VUL' Variable universal life insurance (VUL) is a form of cash-value life insurance that offers...
Variable Death Benefit
What is 'Variable Death Benefit' The amount paid to a decedent's beneficiary that is dependent on the performance of an investment account...
Value Chain
What is a 'Value Chain' A value chain is a high-level model developed by Michael Porter used to describe the process by...
Quid Pro Quo
What is 'Quid Pro Quo' A Latin phrase meaning "something for something". This term is typically used in financial circles to describe...
Quantitative Easing
DefinitionQuantitative easing, also known as large-scale asset purchases, is an expansionary monetary policy whereby a central bank buys predetermined amounts of government bonds or...
Variable Cost-Plus Pricing
What is 'Variable Cost-Plus Pricing' Variable cost-plus pricing is a pricing method in which the selling price is established by adding a...
Venn Diagram
DefinitionA Venn diagram is a diagram that shows all possible logical relations between a finite collection of different sets. These diagrams depict elements as...
Valued Policy Law (VPL)
Valued Policy Law (VPL) What is 'Valued Policy Law - VPL' A statute that requires insurance companies to pay the full value...
Value Network Analysis
What is 'Value Network Analysis' The analysis of the members and the interactions of these members within a value network. Value network...
Vanishing Premium
Vanishing Premium What is 'Vanishing Premium ' A type of periodic fee, paid in exchange for an insurance policy, that eventually...