Insurance Exam Vocabulary Terms
Life Settlements
A contract or agreement in which a policyholder agrees to sell or transfer ownership in all or part of a life insurance policy to a third party for compensation that is less than the expected death benefit of a policy.
Other terms you may be interested in:
Our Insurance Exam Prep Includes...
- Hundreds of Insurance Practice Test Questions (that apply to your state)
- Insurance Vocabulary Flashcards
- Study-Mode & Timed-Exam Mode
- Take Unlimited Tests For 1 Year
- User-Friendly On All Devices
- 2024 Updated Material
- Insurance Exam Tip Videos
- Support From Licensed Instructor
- Insurance Terms & Glossary
- Pass Money Back Guarantee