Life Insurance Glossary

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Life Insurance Glossary

HR-10 Plan.: See Keogh Act Plan. (LI)
Home Office Life Underwriters Association.: An organization offering a course of study for home office Life Underwriters. (LI)
Home Service Industrial Insurance.: See Industrial Life Insurance. (LI)
Home Service Life Insurance.: See Industrial Life Insurance. (LI)
Home Service Ordinary.: A monthly premium policy of Ordinary Life Insurance, not Industrial, with the premiums collected according to the debit system. (LI)
Human Life Value.: A method of determining Life Insurance needs by considering a person's income, expenses, remaining years of earning capacity, and depreciation in the value of the dollar over time. (LI)