PERSONAL FINANCE GLOSSARY

Immediate Annuity

Incentive Stock Option

Incontestable Clause

Increasing Term Insurance

Index Funds

Individual Retirement Account (IRA)

Inflation Risk

Inflation-Indexed Bonds

Initial Public Offering

Insiders

Inspection Report

Installment Debt

Insurability

Insurable Interest

Insurance Application

Insured

Insurer

Interest Rate

Interest Rate Future

Interest Rate Risk

International Funds

Intestate

Introductory Annual Percentage Rate (APR)

Investment Risk

Irrevocable Beneficiary

Irrevocable Trust

Provides that, for certain reasons such as misstatements on the application, the insurance company may void a life policy after it has been in force during the insured's lifetime, usually within one or two years after issue.