Actuarial tables (also called life expectancy tables, mortality tables,and life tables) are statistical tools used by companies, scientists, courts, and government agencies to predict the life expectancy of a person by their age, gender, and...
life insurance
(Wex page)
Annuitant is an investor or a pension plan beneficiary who is entitled to receive the regular payments of a pension or an annuity.
Cases such as this one from New Hampshire, explain that an ‘annuitant’ “enjoys status...
(LIIBULLETIN preview (pre-2014))
[Questions Presented]
[Issue]
[Facts]
[Discussion]
[Analysis]
Issue
Whether any provision of the Federal Employees Group Life Insurance Act of 1954 preempts states from creating an equitable remedy where a third party can recover the amount of the...
(Wex page)
Life expectancy is a calculation of the amount of time a person is expected to live, often using actuarial tables based upon multiple factors like age, health, origin, wealth, or gender. Life expectancy arises in many legal circumstances...
(Wex page)
Term life insurance refers to life insurance policies that provide coverage for a certain amount of time and typically only provide a death benefit. A basic term life insurance policy includes the policy owner paying a monthly or yearly...
(Wex page)
Universal life insurance is a type of life insurance that lasts for the life of the insured and has flexible premiums, death benefits, and cash value. Universal life insurance operates similarly to whole life insurance in that the insured...
(Wex page)
Variable life insurance is a form of whole life insurance that accumulates cash value on a tax-deferred basis. Variable life insurance operates similarly to a mutual fund because the insured pays premiums that go into a separate investment...
(Wex page)
Variable universal life insurance refers to universal life insurance policies where the policy holder chooses how the cash value of the account is invested. Like any universal life insurance, these policies allow flexible premiums and death...
(Wex page)
Whole life insurance (also referred to as permanent life insurance) refers to life insurance policies that are meant to last until death and have an investment aspect. As long as the person pays the required premiums, the insurance policy...