Excerpt from: Life Settlement Update
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| June 13, 2008 | | Life insurance and life settlement is undoubtedly a complex field full of jargon. We have put together an extensive glossary that will help. | It is true that all industries have their own language. Believe me, I used to be in the IT field and there were so many acronyms flying around I began to doubt the existence of vowels! But at least it was confined to the industry users. Insurance is a product that we all need and as if it was not complex enough there is a whole industry language that people need to learn. Whether seeking a life settlement or a life insurance purchase there is some jargon that is very useful for a client to understand. The best resource should be your life insurance or life settlement broker. They should be able to explain everything to you in clear terms you understand. However, its always useful to have a reference of your own and we have created two extensive glossaries. The first is a life settlement glossary the second a life insurance glossary. We have tried to be as complete as possible but please let us know your questions. We will be happy to answer them and these additiuons will only help to increase the usefulness of our glossaries. | | |
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