Life insurance

Life insurance

Contributors in Life insurance

Life insurance

Management of the pure risks to which a company might be subject. It involves analysing all exposures to the possibility of loss and determining how to handle these exposures through practises such ...

Risk retention groups

Insurance; Life insurance

Liability insurance companies owned by their policyholders. Membership is limited to people in the same business or activity, which exposes them to similar liability risks. The purpose is to assume ...

Secondary market

Insurance; Life insurance

The secondary market is populated by buyers willing to pay what they determine to be fair market value.

Section 1035 exchange

Insurance; Life insurance

This refers to a part of the Internal Revenue Code that allows owners to replace a life insurance or annuity policy without creating a taxable event.

Section 7702

Insurance; Life insurance

Part of the Internal Revenue Code that defines the conditions a life policy must satisfy to qualify as a life insurance contract, which has tax advantages.

Separate account

Insurance; Life insurance

A separate account is an investment option that is maintained separately from an insurer's general account. Investment risk associated with separate-account investments is born by the contract owner.

Return on policyholder surplus (return on equity)

Insurance; Life insurance

The sum of after-tax net income and unrealized capital gains, to the mean of prior and current year-end policyholder surplus, expressed as a percent. This ratio measures a company's overall after-tax ...