Glossary of Over 1000 Terms

Life Insurance Related Legal, Financial and Medical Terms Clarified

NO EXAM LIFE INSURANCE

NO-LAPSE GUARANTEE

NON-GRANTOR TRUST

NON-GRANTOR TRUST TAXATION

NON-PARTICIPATING WHOLE LIFE

NON-QUALIFIED ANNUITY

NON-QUALIFIED DEFERRED ANNUITY

NONFORFEITURE BENEFIT

NONFORFEITURE OPTION

NONFORFEITURE VALUE

NONQUALIFIED PLAN

NOT IN GOOD ORDER

NOTICE AND CONSENT

NOTICE AND CONSENT REQUIREMENTS

NUCLEAR STRESS TEST

NURSING FACILITY BENEFIT

OBESITY CLASS 1

OBESITY CLASS 1

OBESITY CLASS 3

OBSTRUCTIVE SLEEP APNEA

OCCUPATIONAL CLASSIFICATION

OFAC COMPLIANCE

OPIOID USE DISORDER

OVERLOAN PROTECTION RIDER

OWNERSHIP CHANGE

OWNERSHIP RIGHTS

PAID-UP ADDITIONS

PARAMEDICAL EXAM

PARAMEDICAL VENDOR

PARKINSON'S DISEASE

PARTIAL SURRENDER

PARTIAL SURRENDER TAXATION

PARTIAL WITHDRAWAL

PARTICIPATING WHOLE LIFE

PARTICIPATION RATE

PARTICIPATION RATE CAP

PARTNERSHIP POLICY

PENSION MAXIMIZATION

PHYSICAL ACTIVITY QUESTIONNAIRE

PLAN OF INSURANCE

PLANNED PREMIUM

POLICY ACCEPTANCE FORM

POLICY AMENDMENT

POLICY ANNUAL STATEMENT

POLICY AUDIT REPORT

POLICY CASH FLOW

POLICY CHANGE REQUEST

POLICY COLLATERAL DOCUMENTATION

POLICY DATA PAGE

POLICY DELIVERY

POLICY DIVIDEND

POLICY E-DELIVERY

POLICY EFFECTIVE DATE

POLICY ENDORSEMENT

POLICY ENDORSEMENT FORM

POLICY GIFT TAX VALUATION

POLICY ILLUSTRATION

POLICY ILLUSTRATION COMPLIANCE

POLICY ILLUSTRATION SOFTWARE

POLICY ILLUSTRATION UPDATE

POLICY INFORCE REPORT

POLICY ISSUE PROCESS

POLICY LAPSE GAIN

POLICY LAPSE NOTICE

POLICY LAPSE NOTICE

POLICY LAPSE WITH LOAN

POLICY LOAN INTEREST

POLICY LOAN OFFSET

POLICY LOAN TAXATION

POLICY MATURITY

POLICY OWNERSHIP TRANSFER

POLICY SERVICE DEPARTMENT

POLICY SERVICE REQUEST

POLICY SERVICING WORKFLOW

POLICYHOLDER PROTECTION ACT