Maturity Date
In insurance, the maturity date refers to the date on which an endowment policy or other long-term insurance contract matures, and the policyholder is entitled to receive the maturity benefit or the accumulated cash value.
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.
Net Cash Value
Net cash value is a term used in life insurance, specifically with policies that have a cash value component, such as whole life insurance or universal life insurance.
Non-Participating Policy
A non-participating policy is a type of life insurance policy that does not pay dividends to policyholders.
Paid-up Policy
A life insurance policy on which no further premium payments are required but which still provides a death benefit.
Persistency
In the insurance industry, persistency refers to the rate at which insurance policies remain in force over time.
Persistency Rate
The persistency rate is a key metric used in the insurance industry to measure the rate at which insurance policies remain in force over a period of time.