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GLOSSARY

 GLOSSARY TERMS by Alpha
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Vacant property
Valuable papers coverage
Valuation
Valued policy
Valued policy law
Vandalism and malicious mischief
Vanishing premium policy
Variable death benefit
Variable Life Insurance
Verbal threshold
Vested commissions
Viatical Settlement
Vicarious liability

Variable death benefit

An amount paid to a decendent's beneficiary which is dependent on the performance of the insurance company's investment. For such benefit plans, a certain minimum payou is guaranteed, but the beneficiary can potentially get a larger payout if the company's investments perform sufficiently well.

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