Life Insurance Glossary

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Life Insurance Glossary

Your search for "Permanent" found 2 results!

Permanent and total disability

A condition that prevents an insured from returning to any gainful employment.

Permanent life insurance

Life insurance that provides coverage throughout the insured’s lifetime and also provides a savings element that builds a cash value.

For descriptions of traditional permanent (whole) life products see continuous-premium whole life insurance, graded-premium whole life insurance, and joint whole life insurance policy. For descriptions of nontraditional whole life products see universal life insurance and variable life insurance.

LOMA's Glossary of Insurance and Financial Services Terms 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 and Financial Services Terms Copyright © 2002 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. LOMA is a registered service mark of the Life Office Management Association, Inc.