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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

Irrevocable Beneficiary A person designated by the owner to receive the proceeds in the event of the annuitant's death. With this designation, the owner gives up all rights to make any further changes without this beneficiary's written consent.

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