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  LOMA's Glossary of Insurance and Financial Services Terms

 

 

Planning Tools & Services > LOMA's Glossary of Insurance and Financial Services Terms - Y
LOMA's Glossary of Insurance and Financial Services Terms - Y

 
Glossary of Terms:
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yearly renewable term (YRT) insurance. One-year term life insurance that is renewable at the end of the policy term. Also known as annually renewable term (ART) insurance. See also term life insurance.

yearly renewable term (YRT) reinsurance method. A reinsurance premium payment method under which a ceding company pays a one-year term insurance premium to the reinsurer on the anniversary date of each reinsured policy.


 
Glossary of Terms:
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Thrivent Financial for Lutherans, Appleton, WI 54919-0001, is authorized to conduct business in all 50 states and the District of Columbia. NAIC # 2938-56014. Products issued by Thrivent Financial for Lutherans are available to applicants who meet membership, insurability, U.S. citizenship and residency requirements. Not all products described are available in all states. Thrivent Financial representatives are licensed insurance agents. Insurance and retirement products, where available, are individual contracts, (not group coverage), and issued by Thrivent Financial for Lutherans. Investment products are offered through Thrivent Investment Management Inc., 625 Fourth Ave. S., Minneapolis, MN 55415-1665, a wholly owned subsidiary of Thrivent Financial for Lutherans. Member FINRA. Member SIPC. Thrivent Financial representatives are registered representatives of Thrivent Investment Management Inc.

Bank products and trust services are offered through Thrivent Financial Bank, 2000 E. Milestone Dr., Appleton, WI 54919-0006 (Member FDIC, Equal Housing Lender), a wholly owned subsidiary of Thrivent Financial for Lutherans. Insurance, investment products, securities, trust, and investment management services and accounts are not deposits, are not FDIC insured, are not insured by any federal government agency, and are not guaranteed by Thrivent Financial Bank. Variable insurance contracts, investment products, trust, and investment management accounts may go down in value.

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This document was last updated on Friday, June 2, 2006 at 11:14 AM