December 28, 2005
Risk
The degree of probability of sustaining a loss. The degree of uncertainty regarding a loss or potential loss.
Filed under Money Glossary by Tracy Phaup
December 24, 2005
Absolute Assignment
Changes the owner of a life insurance policy.
Filed under Money Glossary by Tracy Phaup
December 13, 2005
Modifying A Policy
Any changes made to a policy must be endorsed by the insurer.
Filed under Money Glossary by Tracy Phaup
December 3, 2005
Reduction of Premium Option
Using the dividends to reduce the premiums.
Filed under Money Glossary by Tracy Phaup
