adjustable life

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• Adjustable Life Insurance — A type of life insurance that combines features of term and whole life coverage, giving holders the option to change the characteristics of their policies as their needs change over time. Adjustable life insurance policies allow holders to… …   Investment dictionary

• Life settlement — A life settlement is a financial transaction in which a life insurance policy owner possessing an unneeded or unwanted life insurance policy sells the policy (at fair market value) to a third party for more than the cash surrender value offered… …   Wikipedia

• adjustable rate mortgage — see mortgage Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. adjustable rate mortgage …   Law dictionary

• adjustable-rate mortgage — ( ARM) A loan for which the interest rate ( coupon rate) is adjusted periodically to reflect changes in a previously selected index rate. ARMs may have caps and floors that limit the annual and/or the lifetime change in the coupon rate. American… …   Financial and business terms

• Adjustable-rate mortgage — A variable rate mortgage, adjustable rate mortgage (ARM), or tracker mortgage is a mortgage loan with the interest rate on the note periodically adjusted based on an index which reflects the cost to the lender of borrowing on the credit… …   Wikipedia

• Adjustable gastric band — A laparoscopic adjustable gastric band is a restrictive device implanted via bariatric surgery and designed for obese patients with a body mass index (BMI) of 40 or greater mdash;or between 35 ndash;40 in cases of patients with certain… …   Wikipedia

• life insurance — insurance providing for payment of a sum of money to a named beneficiary upon the death of the policyholder or to the policyholder if still living after reaching a specified age. [1800 10] * * * Method by which large groups of individuals… …   Universalium

• Life Cap — The maximum amount that the interest rate on an adjustable rate loan can increase over the term of the loan. A life cap can be expressed as an absolute interest rate such as a maximum lifetime rate of 12%, which is called an interest rate ceiling …   Investment dictionary

• adjustable — adjustably, adv. /euh jus teuh beuhl/, adj. 1. capable of being adjusted: adjustable seat belts. 2. (of loans, mortgages, etc.) having a flexible rate, as one based on money market interest rates or on the rate of inflation or cost of living. 3.… …   Universalium

• 5-6 Hybrid Adjustable-Rate Mortgage - 5-6 Hybrid ARM — An adjustable rate mortgage with an initial five year fixed interest rate after which the interest rate begins to adjust every six months according to an index plus a margin (or, the fully indexed interest rate). The index is variable while the… …   Investment dictionary

• Massachusetts Mutual Life Insurance Company — MassMutual Type Mutual company Industry Financial Services Founded Springfield, Massachusetts, USA (1851) Headquarters …   Wikipedia