P
PARTIAL SURRENDER
Money removed from the contract or policy by the contract holder or policy owner
that cannot be paid back.
PLANNED PERIODIC PREMIUMS (PPPs)
The premium amounts you intend to pay as shown on the original application for
insurance or as subsequently communicated to us. We bill you for your PPP.
POLICY
An insurance contract that contains the pertinent facts about the policyowner,
the insurance coverage, the insured, and the insurer.
PREMIUM
Payments by a customer to the insurance company for life insurance or annuity
coverage. Depending on the type of coverage, premiums may be fixed or
flexible.
PRIMARY BENEFICIARY
The party or parties who have primary rights to policy proceeds when the death
benefits of an insurance policy become payable.
A -
B -
C -
D -
E -
F -
G -
H -
I -
J -
K -
L -
M -
N -
O -
P -
Q -
R -
S -
T -
U -
V -
W -
X -
Y -
Z
