Definitions
Term Definition
Valued Policy
A policy under which the insurer pays a...See Full Definition
Vandalism
The malicious and often random destruction or spoilage...See Full Definition
Vanishing Premium
An insurance company's projection on an illustration suggesting...See Full Definition
Variable Annuity
An annuity whose contract value or income payments...See Full Definition
Variable Life
A type of whole life insurance in which...See Full Definition
Variable Life Insurance
A policy that combines protection against premature death...See Full Definition
Variable Universal Life - (VUL)
A form of permanent life insurance that combines...See Full Definition
Vehicle Identification Number - (VIN)
Each car has a unique VIN, which consists...See Full Definition
Viatical Settlement
An agreement to sell the ownership of your...See Full Definition
Viatical Settlement Companies
Insurance firms that buy life insurance policies at...See Full Definition
VIN
The abbreviation of vehicle identification number. Usually found...See Full Definition
Void
A policy contract that for some reason specified...See Full Definition
Volatility
A measure of the degree of fluctuation in...See Full Definition
Volcano Insurance
Most homeowners policies cover damage from a volcanic...See Full Definition
