GLOSSARY OF TERMS   Aggregate Entire number, sum, mass or quantity Annuity Annuity is similar to a C.D. account with tax deferred earning features.  It has different options of deposit: lump sum, flexible deposit, fixed term, or fixed amount.   It normally provides 3.5% guaranteed rate and currently at 6.5% to 7.25% fixed rate or higher return on variable annuity. Second to Die Policy Also called survival life policy, it is designed for the purpose of estate planning.  It is based on two people, normally husband and wife.  Therefore the premium dramatically reduces and death proceeds could fund the necessary costs of probate or estate taxes. Term Insurance Term Insurance is a strictly death protection policy.  It could be adjustable premium or fixed premium for certain years.  It generally provides the largest immediate death benefit. Universal Life Universal Life is a permanent type of life insurance policy.  It provides flexibility of premium deposit, loan, and adjustable rates; with safeguard features from market crises to ensure stable long term growth. Variable Life Variable Life protects a genuine need for life insurance yet provides prospectors a broad range of options for investment types, including choice of mutual funds.  It is suitable for people who desire both protection and investments. Whole Life Whole Life policy provides death protection as long as the insured lives and generate cash value on fixed rate each year on a tax deferred basis.
	| Home | Annunitites | Funeral | Health | Life | Long-Term | Home & Auto | Customer | Mission | About Us | Insurances © 2008 Senna's Insurance Services