A feature of a life insurance policy that provides for the payment of some or all of the death benefit when diagnosed with certain illnesses.

Insurance designed to pay a specific amount of money for certain disabling injuries or death due to accidental means.

A mathematician, one who calculates rates, reserves, dividends and other statistics for insurance purposes.

Refers to the reduction of debt by regular installments over a period of time, such as a mortgage.

An agreement by an insurer to make periodic payments for a specified period of time.

The simultaneous purchase and sale of an asset in order to profit from a difference in the price, thereby avoiding risk.

Anything having commercial or exchange value that is owned by a business, individual, or country.

A financial report showing the status of a company’s assets, debts, and equity as of a specific date.

Used to indicate the change in yields on bonds, bills, and notes. One basis point is .01%.

An investor with a pessimistic outlook on the market, believing share prices will fall.

A prolonged period of declining prices in the stock market.

The person who will receive the cash proceeds from the life insurance policy upon the insured’s death.

An offer to buy at a specified price is a bid. The price a seller is willing to accept for a security is an ask price.

Common stock of a nationally recognized company that is known for stable and reliably long records of profit growth.

A debt investment in which a bondholder loans money to a corporation or government that borrows the funds for a defined period of time at a fixed interest rate.

The value at which an asset is carried on a balance sheet. The cost of an asset minus accumulated depreciation.

An agent who acts as an intermediary between a buyer and seller of securities.

An investor with a positive outlook on the market, believing share prices will rise.

A prolonged period of rising prices in the stock market.

Financial assets such as cash, machinery, and equipment.

The positive difference between the purchase price and selling price of an asset; a profit.

The negative difference between the purchase price and selling price of an asset.

The total value of all of a company's outstanding shares. Is calculated by multiplying a company's shares outstanding by the current market price of one share.

An analysis of all the changes of the cash account.

The amount available in cash upon cancellation of an insurance policy before it becomes payable upon death or maturity.

Formal declaration that can be used to document a fact.

A savings certificate issued by a bank that pays interest.

Fee paid to a broker for executing a trade.

Units of ownership of a public corporation.

The amount of the insurance policy.

The amount of money the beneficiary would receive in the death of a covered person.

Consumption of capital during production or amortization of fixed assets.

A financial contract whose value is based on the performance of an underlying financial asset, market index, or other investment.

The difference between a bond’s market price and its face value.

The spreading out of risk by dividing assets among a variety of securities.