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Welcome to our glossary.

In the spirit of making every day better, we have created a glossary to help explain some of the unfamiliar terms of the industry that we have to use to ensure accuracy. 

Our glossary will explain the meaning of the most commonly used terms in plain language, and is intended to help you understand insurance terms we use better. However, it is not intended to replace conversations with our agents or partners, who are equipped to help you make the right decisions for your needs.

If you spot a term not listed here, please email to

Account Value

The value of your investment in any or all the funds you own. This is equal to the number of units you own multiplied by the unit price of the fund.

Age Next Birthday

The age at your next birthday.

Attained Age 

The age of the person at the current point in time

Automatic Premium Loan 

This feature allows you to stay covered even if you have missed a premium payment. The money and interest are deducted from your cash value, which means that your benefits will be reduced if you don't restart your payments. 

This glossary has been created for informational purposes and should not be considered as legal or financial advice. Contractual terms and conditions will prevail should any of the content in this glossary conflict with your policy documents.