Explore definitions of longevity and life settlements sectors terminology beginning with E.
This glossary provides concise explanations of terminology commonly used in the longevity and life settlements sectors. Below you'll find terms beginning with the letter E.
- Employee Retirement Income Security Act Guidelines
Employee Retirement Income Security Act Guidelines is a federal law that states the minimum standards for private pensions and provides rules on the federal income tax effects of transactions connected with employee benefit plans.
- Endorsement
Endorsement is an amendment to a contract under which the stated coverage of an insurance policy may be altered.
- Endow
Endow is the point at which a policy's cash value equals its face amount.
- Endowment
Endowment is a life insurance policy which becomes payable to the policyholder on the policy’s maturity date, or to a beneficiary if the insured dies prior to that date
- Equity Components
Equity Components is the part of the Asset Valuation Reserve which protects against future losses regarding any equity related investments.
- Equity Indexed Annuity
Equity Indexed Annuity: See Indexed Annuity.
- Equity Indexed Universal Life
Equity Indexed Universal Life is a Universal Life insurance policy which allows policyholders to tie accumulation values to a stock market index.
- Equity Investments
Equity Investments is the ownership interest in a corporation’s stocks, as opposed to bonds.
- Evidence of Insurability
Evidence of Insurability: Before an applicant can purchase an individual life insurance policy, there is a common requirement by life insurance companies that potential policyholders undergo a physical examination or medical tests; the results of which can determine the premiums charged or, more importantly, whether the applicant is actually a viable candidate for coverage.
- Excess Credits
Excess Credits: A non-guaranteed credit found in non-participating whole life products that are applied to contracts for favorable mortality, expense and investment experience. They are declared at the beginning of the year and credited at the end of the year.
- Expenses
Expenses are the charges incurred as a result of the insurer's overheads and cost of doing business. Typically the charges are composed of the costs incurred for medical examinations, the approval of applications, preparation of policies for issue, initialization of policy records, commissions and the on-going administration of a policy.
- Extended Term Insurance
Extended Term Insurance is a life insurance (available as a Non-Forfeiture Option) in which a policyholder stops paying premiums but keeps the full policy coverage in force for as long the policy’s cash value allows.
- Extra Risk
Extra Risk is an individual having a greater-than-average likelihood of loss.
- Extra Risk Policy
Extra Risk Policy: See Rated Policy.
