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The definitions contained herein are for general information only and are not
designed for use in connection with the interpretation of any insurance policy
or annuity policy issued through Insurance Answer Center.
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Life Insurance Glossary Terms 4 A B C D E F G H I J K L M N O P Q R S T U V W Y |
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Annual Statement |
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Also known as an anniversary statement, this report is issued every year on the policy anniversary by an insurance company to the policyowner of an interest-sensitive whole life,universal life or deferred annuity policy (visit our annuity site for details of annuity policies). The anniversary statement includes important information regarding the face amount, the account value, credited interest and deductions for mortality charges and administrative expenses. Some insurers issue anniversary statements on whole life and term life policies as well. |
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Learn More about Life Insurance
Start a Life Insurance Quote
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| Answer Financial(R) Inc. offers insurance products and services through its licensed affiliates Insurance Answer Center(R) Inc. (California License No. 0B99714), Answer Center Insurance Agency, Inc., and other affiliates. Answer Financial is not an insurance company. Insurance plans and services are from insurance companies and other licensed insurance-related providers. Not all products available in all states. Rates subject to change. |
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