- V - Insurance Glossary
Please choose the letter you wish to define:
- Valuable Papers and Records:
An all risk insurance coverage form that provides coverage for
physical loss or damage to valuable papers and records.
- Variable Annuity:
An annuity contract in which the amount of each periodic income
payment may fluctuate.
- Variable Life Insurance:
Life insurance under which the benefits relate to the value of
assets behind the contract at the time payment is due.
- Vesting:
A provision that a pension participant will, after meeting certain
requirements, retain a right to all or part of the accrued benefits,
even though the employee may leave the job before retirement.
- Voluntary Market:
The market where one obtains insurance in the open market with
no help from the state, through an insurer of their own selection.
Insurance Glossary is Copyrighted By Richard H. Reynolds.
Keller-Lowry Insurance, Inc. Uses This Glossary By Permission.
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