This story appears in the
December 2000 issue of
Entrepreneur.
Subscribe »
Do you know what a "living benefit rider" is? How
about a "peer review group"? Insurance is an industry
loaded with technical terms and phrases, and what don't
understand may come back to haunt you. That's why you'll
want to bookmark the glossary on this site. It was prepared by LOMA (Life
Office Management Association), a trade group with a membership of
more than 1,000 insurers and financial services companies. On
arriving at the site, click on "Learning Center" and then
"Other." This isn't a document you'll want to
read cover to cover, but it may just add the key terms to you
vocabulary that will assure you you're getting exactly the
coverage you believe you're buying. If you want more
information, visit LOMA's own site, www.loma.org.