A benefit arising in the form of a single, once-and-for-all payment rather than a series of payments.
Guaranteed addition to the fund to enhance benefits.
Promises the payment of an agreed sum of money upon the death of the insured within a specified period of time. Also known as life assurance.
Amount payable on death of life insured.
The economic earnings of a life insurance business.
A company's debts and obligations, shown on the balance sheet as claims on its assets.