Definitions
Term Definition
Identity Theft Insurance
Coverage for expenses incurred as the result of...See Full Definition
Illustration
An insurance company's explanation of how the life...See Full Definition
Immediate Annuity
A product purchased with a lump sum, usually...See Full Definition
In Force
A policy is "in force" when all conditions...See Full Definition
Income Loss
This is optional coverage that protects you if...See Full Definition
Income Protection Insurance
A type of disability income coverage that provides...See Full Definition
Incontestability Provision
An insurance and annuity policy provision that limits...See Full Definition
Increasing Term Insurance
A type of term life insurance that provides...See Full Definition
Incurred But Not Reported - (IBNR)
Losses that are not filed with the insurer...See Full Definition
Incurred Losses
Losses occurring within a fixed period, whether or...See Full Definition
Indemnify
Provide financial compensation for losses....See Full Definition
Indemnity
Restoration to the financial place you were prior...See Full Definition
Independent Agent
An agent who does not work for just...See Full Definition
Independent Insurance Agent
Agent who is self-employed, is paid on commission,...See Full Definition
Indeterminate Premium Insurance Policy
A type of nonparticipating whole life policy that...See Full Definition
