Incontestability Clause
Indemnify
Indemnity
Individual Retirement Account/Annuity - IRA
Insurability
Insurance
Insured
Irrevocable Beneficiary
Irrevocable Trust
Issue Age
Issue Date
Juvenile Insurance
Land Motor Vehicle
Lapse
Legal Dependent Children
Level Premiums
Licensed Insurance Agent
Life Annuity
Life Expectancy
Life Insurance
Living Benefits
Loan
Loan Value
Long Term Care Policy
Loss
Lump Sum
Master Policy
Maturity Value
Maximum Benefit Period
Medical Examination
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Impound Account
Impound Account - An impound account, also called an escrow account, is an account that is set up for you by your home loan lender and is used to pay expenses like hazard insurance, mortgage insurance and property taxes. The money that you put into this account goes to pay for these expenses. While it is possible to opt out of an impound account, it may result in additional charges.
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