Skip to content

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.

Our Insurance Exam Prep Includes...

  • Insurance Practice Test Questions
  • Insurance Vocabulary Flashcards
  • Study-Mode & Timed-Exam Mode
  • Take Unlimited Tests For 1 Year
  • User-Friendly On All Devices
  • 2020 Rules & Regulations
Reset my Password
OR