Insurance Glossary

Industry jargon and unfamiliar terminology can be confusing.

No insurance resource would be complete without a helpful menu of terms and concepts. This information-rich list will help you make sense of the solutions you are considering.

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Non-Qualified Funds

These are basically after-tax money contributions. Annuities purchased with non-qualified funds still accrue tax-deferred interest throughout your lifetime. The benefit: you're never required to take distributions at a certain age, as you are with a qualified account.