Data Life Inc. is a premiere software solutions provider serving the life, disability income, annuity and group segments of the insurance industry. We offer innovative, packaged and customized solutions to meet the needs of insurance companies, home offices, agencies and brokerage firms. We speciali...

A I B I C I D I E I F I G I H I I I J I K I L I M I N I O I P I Q I R I S I T I U I V I W I X I Y I Z IASA See Insurance Accounting and Statistical Association. IBNR See Incurred-but-not-reported. ILLUSTRATION A sale ledger or proposal that shows how a policy might perform under specific sets of ass...

A I B I C I D I E I F I G I H I I I J I K I L I M I N I O I P I Q I R I S I T I U I V I W I X I Y I Z QUALIFIED DOMESTIC (QDOT) TRUST A type of trust that is designed to delay the federal estate tax on an estate transfer from a U.S. citizen to a spouse that is a resident alien. QUALIFIED PENSION PLA...

A I B I C I D I E I F I G I H I I I J I K I L I M I N I O I P I Q I R I S I T I U I V I W I X I Y I Z WAITING PERIOD See elimination period. WAIVER OF PREMIUM A life insurance policy rider that pays the premium on the policy in the event that the insured becomes disabled. Generally there is a waitin...