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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

Insurable Interest A contract of life insurance must, according to law, be based on an interest in the continuance of the life of the insured by the applicant or beneficiary.

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