Knowledge Center

Financial Glossary

Master the terminology of premium financing, life insurance, and estate planning. Understanding these concepts is the first step toward making informed financial decisions.

Showing 36 of 36 terms

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Financial Glossary

1

1035 Exchange

A

Asset Protection

B

Beneficiary

Buy-Sell Agreement

C

Carrier

Cash Surrender Value

Cash Value

Collateral Assignment

Crummey Power

D

Death Benefit

Dynasty Trust

E

Estate Tax

Exit Strategy

F

Fiduciary Duty

G

Generation-Skipping Transfer Tax (GSTT)

Gift Tax

Grantor Retained Annuity Trust (GRAT)

I

Illustration

In-Force Ledger

Indexed Universal Life (IUL)

Irrevocable Life Insurance Trust (ILIT)

K

Key Person Insurance

L

Lapse

Liquidity

Loan-to-Value Ratio (LTV)

N

Net Worth

P

Policy Loan

Premium Financing

Private Placement Life Insurance (PPLI)

R

Rider

S

SOFR (Secured Overnight Financing Rate)

Spousal Lifetime Access Trust (SLAT)

T

Tax Deferral

U

Underwriting

Universal Life Insurance

W

Whole Life Insurance

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