The probability of disability of a life or group of lives.

A short-term debt obligation, such as a banker's certificate of deposit, commercial paper or government security, generally regarded as a low-risk, low-return investment for the holder.

Providing the wrong facts or not giving the entire truth of a matter. This is more serious that non-disclosure. It refers to the applicant stating wrong facts or giving half-truths. They are material because if the underwriter knew of it this information, the decision might be different.

The date that an insurance policy or other financial contract finishes or "matures", and the proceeds, sometimes known as the maturity value, become payable.

policy holder (employer) in case of group policies.

The value of a company calculated by multiplying the number of shares the company has in circulation by the market price of those shares.

The place where transactions take place in a particular type of commodity, such as a stock exchange

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.

Collective term for life insurance, pensions, savings, investments and related business.