Immediate Annuity
A type of annuity contract that starts payments to the annuitant soon after the initial investment is made.
Insurance Glossary
Glossary/Encyclopedia of insurance terms. In addition to the brief description of insurance terms, we have also provided detailed explanation of each term. By selecting ‘More Details’ in each term, you can view the detailed explanation of the term with examples.
Individual Life Insurance
Individual life insurance is a type of life insurance policy that is purchased by an individual for their own life or the life of another person.
Level Premiums
Level premiums are insurance premiums that remain the same throughout the policy period, regardless of any changes in the insured’s risk profile or other factors.
Long Term Care Insurance
Long-term care insurance is designed to help cover the costs of long-term care services, which can include assistance with daily activities (like bathing, dressing, and eating), supervision due to cognitive impairment, and care in various settings.