Glossary
- Accelerated Death Benefit
- Basis Points
- Beneficiary
- Borrower
- Buy-Sell Agreement
- Cash Surrender Value
- Cash Value
- Collateral Assignment
- Contestable Clause
- Date of Issue
- Insured
- Key Person Life Insurance
- Lapse
- Letter of Credit (LOC)
- LIBOR Interest Rate
- Licensed Premium Finance Lender
- Life Expectancy
- Life Insurance Cash Surrender Value
- Life Insurance Policy Appraisal
- Life Settlement
- Loan Collateral
- Loan Maturity Date
- Loan to Value (LTV)
- Maturity Date
- Maturity Extension Rider
- Maturity Illustration
- National Association of Insurance Commissioners (NAIC)
- NCOIL
- Net Death Benefit
- Non-Recourse Premium Finance
- Owner (or Policy Owner)
- Ownership
- Personal Guarantee
- Phantom Income Taxation
- Policy Issue Date
- Premium
- Premium Finance
- Premium Finance Lender
- Premium Finance Life Insurance
- Premium Ratio
- Promissory Note
- Recourse Premium Finance
- Second to Die Life Insurance
- Stealth Program
- STOLI
- Universal Life