Glossary of insurance terms

LOB	lapse
lapse ratio	lapsed policy
legal reserve	legal reserve life insurance company
lender captive reinsurance	level premium
level premium insurance	liability insurance
life annuity	life expectancy
life insurance in force	lifetime disability benefit
limited payment life insurance	limited policy
liquidity margin of safety	liquidity ratio
living benefits	load
long term care	long term care insurance
long-term disability income insurance (LTD)	loss mitigation
loss ratio	loss reserve

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