These definitions represent a common or general use of the term. Some words and/or phrases may be defined differently by other entities, or used in a context.
Additionally, this informational sheet is not intended to fully set out your rights and obligations or the rights and obligations of the insurance company.
Most of the terms, explanations and definitions in this glossary came from various government and insurance industry guides, reference books, and dictionaries.
Source material provided by LOMA (Life Office Management
Association, Inc) |