Bonus Annuity - an investment contract with an additional bonus or credit feature that is sold by an insurance company which is designed to provide fixed or variable income that is tax deferred until withdrawn.
Fixed Annuity - an investment contract sold by an insurance company that is designed to provide a fixed amount of income which is tax deferred until withdrawn.
Index Annuity - an investment contract sold by an insurance company that is designed to provide variable income based upon the performance of a stock market index and is tax deferred until withdrawn.
Immediate Annuity - an investment contract sold by an insurance company for a lump sum payment that immediately begins to pay a fixed amount of income for a period of time or life.
Business Continuation Insurance - insurance designed to replace the economic loss associated with the death of employees, or as funding vehicles for ownership buyouts or transfers, or for various estate planning situations.
Buy Sell Agreement - an agreement used to address and structure a company buyout or ownership transfer, or esate and beneficiary situations occuring among owners of a business.
Charity Life Insurance - insurance owned by a charity either through donation of an existing policy or the purchase of a new policy on the life of a charity's benefactor.
Common Remitter Service - a payment service whereby one check or wire transfer is sent by an employer company or organization to a mutual fund or insurance company and it is automatically allocated to each participant employee account.
Company Life Insurance - insurance purchased and owned by a company on the life of an employee whose death would have a financial impact upon the company.
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Equity Linked Universal Life Insurance - a life insurance product that combines the protection of a conventional term insurance policy with the cash value and investment yield determined by the performance of an equity index.
Executive Bonus Insurance - a nonqualified plan that pays the premiums on whole life insurance issued to one or more select employees.
Health Insurance - an individual or group insurance plan that provides coverage for a range of health care related services.
Health Savings Account (HSA) - a savings plan that allows taxpayers to use pretax income to pay for current and future medical expenses. It is often combined with a high deductible health insurance plan.
Key Man Insurance - company funded and owned insurance issued on the life or lives of employees whose demise would have a substantial financial impact upon the surviving organization.
Long Term Care Insurance - insurance that covers nursing and patient care, usually after the age of 65, in a nursing facility or one's residence following an injury or other disabling condition.
Medical Savings Account (MSA) - a tax deferred account effective as of January 1, 1997 that allows taxpayers to save money for medical expenses.
Medicare Supplemental Insurance - insurance sold as a supplement to Medicare...filling in the gaps in health care coverage otherwise provided by the Medicare Program.
Mortgage Protection Insurance - insurance obtained for the purpose of paying off a mortgage on a residence due to the untimely death of its owner.
Premium Finance - the owner of a life insurance policy borrows the funds to pay the premium and typically pays only the interest on the borrowed amount.
Return of Premium Term Life Insurance - a term life insurance policy providing for the guranteed return of all premiums paid if the policy is kept for the term period.
Split Dollar Insurance - a plan in which the costs and benefits associated with owning a life insurance policy are split between an employer and employee.
Term Life Insurance - an insurance policy that provides coverage on the life of an insured for a period of time, often with a renewal option at the end of the period.
Universal Life Insurance - an insurance policy that combines low cost term insurance protection with a seperate tax deferred variable savings component.
Whole Life Insurance - a traditional form of life insurance with a "cash value" savings element that is intended to provide coverage for an insured's whole life.
Worksite Insurance Plan - a voluntary salary reduction plan offered by an employer that allows employees to pick and choose among various types of insurance coverages.
