Term Life Insurance Glossary
V
Valuation
The process of calculating the proper values of an insurer’s assets, liabilities, and capital and surplus.
Variable Life Insurance
A form of whole life insurance under which the death benefit and the cash value of the policy fluctuate according to the investment performance of a separate account fund. Most variable life insurance policies guarantee that the death benefit will not fall below a specified minimum.
LOMA's Glossary appears on this Web site by special permission of LOMA. However, LOMA makes no representation or endorsement, express or implied, regarding AccuQuote or its products or services.
LOMA's Glossary of Insurance Terms (c) 1997 LOMA (Life Office Management Association, Inc.). Used with permission from the publisher. All rights reserved. Copying or downloading this information without permission from the publisher is a violation of federal and international law. For information on purchasing a copy of the Glossary or for additional information on LOMA and its educational programs, visit LOMA's Web site at www.loma.org.
