Life Insurance and Annuities

An annuity payout choice that continues income for as long as either of two covered lives is alive.

A Life Paid Up at Age policy lets the policy continue in force for life while premium payments stop at a pre-agreed age.

Net cost is a way to estimate what a life insurance policy has cost over time after accounting for values such as cash value and dividends.

A life policy feature that advances unpaid premiums from policy cash value to keep coverage in force temporarily.

A rider that increases coverage payments periodically to keep benefits aligned with inflation.

A legal agreement where owners each own life insurance on the other owners to fund ownership transfer.

A life policy that pays the face amount at death during the endowment period or to the policyowner if the insured survives to the maturity date.

The average remaining lifetime for a person at a given age, as shown by a mortality table.

A premium collection model where an agent collects recurring payments directly from insureds.