Life Insurance A-Z

Life insurance has more than its share of industry-specific jargon, and many of the terms frequently used by agents when talking about products and strategies can be confusing to clients. This alphabetical-themed infographic is here to help, featuring easy-to-understand definitions of common (and not-so-common) terms that will help your clients feel more comfortable discussing life insurance protection concepts.

Select a letter below to view the full, client-friendly definition for each term. For a printed version, check out the detachable poster in the September print issue of Life Insurance Selling. Enjoy!

Project Sponsors

Life Insurance Selling would like to thank the
following sponsors for making this project possible:

Life Insurance Overview

  • 93%

    of Americans say life
    insuranceis something
    most people need.
    Source: LIMRA
  • $18.4T

    Total life insurance
    coverage in the United
    States at the end of 2010.
    Source: ALCI
  • 917

    Number of life insurance
    companies in business
    at the end of 2012
    in the United States.
    Source: ALCI
  • $2.9T

    Amount of new life
    insurance coverage
    Americans purchased
    in 2010.
    Source: ALCI
  • 41%

    od Americans own an
    individually purchased
    life insurance policy,
    typically purchased from
    an independent agent.
    Source: ALCI
  • $60B

    Amount received by life
    insurance beneficiaries
    in 2011.
    Source: ALCI

Related resources

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Nichole Morford

Nichole Morford
Managing Editor

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