What is the Definition of L-Share Variable Annuities?
A form of variable annuity contract usually with short surrender periods and higher mortality and expense risk charges.
Source: Insurance Handbook A guide to insurance: what it does and how it works | https://www.iii.org/
Label: Insurance
Theme: Dictionary of Insurance Terms
Other Questions: What is the definition of Annuity?
What is the Definition of L-Share Variable Annuities?
You can find random definition and meaning of insurance terms below:
Meaning of Excess Of Loss Reinsurance in Insurance Terms
A contract between an insurer and a reinsurer, whereby the insurer agrees to pay a specified portion of a claim and the reinsurer to pay all or a part of the claim above that amount.
Meaning of Exclusion in Insurance Terms
A provision in an insurance policy that eliminates coverage for certain risks, people, property classes, or locations.
Meaning of Exclusive Agent in Insurance Terms
A captive agent, or a person who represents only one insurance company and is restricted by agreement from submitting business to any other company unless it is first rejected by the agent’s company. (See Captive agent)
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