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Indexed life

Index Indexed life

Indexed universal life is a type of permanent life insurance product. [1]

13 relations: Addendum, Annuity (American), Bank, Consumer, Insurance broker, Interest rate, Life insurance, Mutual fund, Security (finance), Stock market index, Transamerica Corporation, U.S. Securities and Exchange Commission, Universal life insurance.

Addendum

An addendum, in general, is an addition required to be made to a document by its author subsequent to its printing or publication.

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Annuity (American)

In the United States, an annuity is a contractually executed, relatively low-risk investment fund, where the insured (usually, an individual) pays a life insurance company a lump-sum premium at the start of the contract.

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Bank

A bank is a financial institution that accepts deposits from the public and creates credit.

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Consumer

A consumer is a person or organization that use economic services or commodities.

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Insurance broker

An insurance broker sells, solicits, or negotiates insurance for compensation.

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Interest rate

An interest rate is the amount of interest due per period, as a proportion of the amount lent, deposited or borrowed (called the principal sum).

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Life insurance

Life insurance (or life assurance, especially in the Commonwealth of Nations) is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money (the benefit) in exchange for a premium, upon the death of an insured person (often the policy holder).

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Mutual fund

A mutual fund is a professionally managed investment fund that pools money from many investors to purchase securities.

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Security (finance)

A security is a tradable financial asset.

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Stock market index

A stock index or stock market index is a measurement of a section of the stock market.

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Transamerica Corporation

The Transamerica Corporation is an American holding company for various life insurance companies and investment firms operating primarily in the United States, offering life and supplemental health insurance, investments, and retirement services.

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U.S. Securities and Exchange Commission

The U.S. Securities and Exchange Commission (SEC) is an independent agency of the United States federal government.

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Universal life insurance

Universal life insurance (often shortened to UL) is a type of cash value life insurance, sold primarily in the United States of America.

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References

[1] https://en.wikipedia.org/wiki/Indexed_life

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