The uncertainty or chance of a loss occurring.

The main source of underwriting information for a company.

The period of time after the due date that the policyowner has to pay the premium (usually 30-31 days).

The two categories that annuities can be broken into.

A non-taxable exchange of money between two qualified plans that must occur within 60 days.

• Due to chance
• Definite and measurable
• Statistically predictable
• Not catastrophic
• Randomly selected, large loss exposure

A type of life insurance that accumulates savings and endows at age 100.

An option for dividing benefits among beneficiaries; Latin term for "by the bloodline."

A type of annuity where payments stop upon the annuitant's death.

A person who solicits, negotiates, or offers to negotiate a life settlement contract for compensation.

A company that only issues dividends to policyowners.

A document issued to the applicant as proof of premium submitted with the application that may provide insurance coverage.

An option that allows the policyowner to use the surrender value of his policy to purchase a single premium, whole life policy with a smaller face amount.

The key factor that qualifies someone to contribute to an IRA.

A type of license issued for 90-day terms in NYS for the purpose of servicing existing business.

Ambiguities are ruled in favor of the insured under what type of contract?

A type of business that is considered to be both an investment and a life insurance product.

A rider that addresses the rising cost of living by automatically increasing the policy's face amount without proof of insurability.

A college savings plan that allows a lifetime maximum contribution of $235,000.

15 hours of classroom or online instruction that must be completed biannually.

The act of paying the premiums in exchange for statements in the application that promise a future payment.

The document issued to the employer or sponsor of a group life insurance policy.

The provision that allows for a ten-day period after policy delivery for the policyowner to look over the contract, and if dissatisfied, return the policy for a full refund.

A plan for people who are self-employed, as well as their partners and full-time employees.

Any coverage written on a producer's own life, health or property, and/or that of their immediate family or business associates. Limited to 10% of net commissions annually.