Top 20 Life Insurance Abbreviations

Life insurance is a vital part of planning for the future, but its terminology can be puzzling, especially for ESL learners. In our latest lifestyle guide, we’re uncovering the top life insurance abbreviations. This post is designed to simplify these terms, making the world of life insurance more accessible and less intimidating for everyone. Let’s embark on this journey of understanding together!

Life Insurance Abbreviations

  1. UL: Universal Life Insurance
  2. WL: Whole Life Insurance
  3. TL: Term Life Insurance
  4. VUL: Variable Universal Life Insurance
  5. ILIT: Irrevocable Life Insurance Trust
  6. AD&D: Accidental Death and Dismemberment
  7. CLU: Chartered Life Underwriter
  8. FALU: Fellow of the Academy of Life Underwriting
  9. LISR: Life Insurance Settlement Right
  10. MEC: Modified Endowment Contract
  11. PUA: Paid-Up Additions
  12. ROP: Return of Premium
  13. TIAA: Teachers Insurance and Annuity Association
  14. TOLI: Trust-Owned Life Insurance
  15. GUL: Guaranteed Universal Life Insurance
  16. CV: Cash Value
  17. LTV: Loan to Value (in the context of borrowing against a life insurance policy)
  18. LIRP: Life Insurance Retirement Plan
  19. LIA: Life Insurance Agent
  20. BOLI: Bank-Owned Life Insurance


Auto Insurance Abbreviations

Property Insurance Abbreviations

Health Insurance Abbreviations

Life Insurance Abbreviations